Dakota Gold Transfer – Plaza, LLC Announces New Crude Oil Terminal in North Dakota’s Bakken Shale

Dakota Gold Transfer – Plaza, LLC “Dakota Gold” announced today that the company plans to develop a crude oil transload facility in Mountrail County, North Dakota. Strategically located on a 350-acre site in the eastern section of the prolific Bakken and Three Forks shale oil producing areas, the Plaza Terminal will provide refiners, marketers and producers with new options for reaching multiple markets across the United States and Canada via rail and pipeline.“CP offers a flexible, reliable and efficient method of transporting crude oil and other energy-related products to emerging markets and we are proud to be collaborating with Dakota Gold.”Dakota Gold is a joint venture between its president and CEO, Cody Moe, and the TrailStone Group “TrailStone”. Mr. Moe is a well-established crude oil trucking and construction entrepreneur with seven years of experience in the Bakken. TrailStone is an energy asset investor and manager, majority-owned by Riverstone Holdings, LLC, a private equity firm specializing in energy with approximately $27 billion of equity capital raised.The Mountrail County Commission has approved Dakota Gold’s application for a conditional use permit and the company’s request to have the site rezoned for industrial use. Direct truck-to-train transload service may begin at the Plaza Terminal approximately 90 days after construction begins. Dakota Gold plans to break ground at the site later this year and anticipates that storage and high-speed rail loading service will be available during the second half of 2015.

via Dakota Gold Transfer – Plaza, LLC Announces New Crude Oil Terminal in North Dakota’s Bakken Shale | Business Wire.

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