BOE Midstream Announces Pipeline Interconnection Agreement with Tesoro High Plains Pipeline to Provide Crude-by-Rail Market Outlet in Late 2014

Denver, CO and Killdeer, ND | Denver-based midstream energy company BOE Midstream (“BOE”), owner of LL Terminals, LLC; BOE Pipeline, LLC; and the Bakken Oil Express Rail Terminal; has signed an interconnection agreement with the Tesoro High Plains Pipeline (“THPP”) that will create additional  crude oil end-user markets for producers throughout the Williston Basin.  Located at BOE’s LL Terminals facility in Killdeer, ND, the new connection with Tesoro Logistics’ 700-mile crude oil gathering system and pipeline is scheduled to commence commercial operations in the late fourth quarter, 2014.

The new connection will provide producers and other shippers with critical crude-by-rail market outlets via pipeline inbound access to BOE’s Bakken Oil Express Rail Terminal in Dickinson, ND, a crude-by-rail unit train-loading facility capable of loading up to three unit trains per day.

BOE Chief Commercial Officer Mark Freed said, “We are pleased to be able to provide a critical market outlet for shippers on the Tesoro High Plains system in North Dakota. We believe this new interconnect will provide our mutual customers with another, and in some cases, more direct and economical shipping option to get their production to market.”

The Bakken Oil Express Rail Terminal also offers shippers access to 642,000 barrels of operational storage, simultaneous loading of two unit trains, and the ability to stage multiple trains on site to maximize efficiency.  Its location along the BNSF Southern Main Line provides access to end-user markets on the East, West, and Gulf Coasts of the US.

Shippers interested in any of BOE Midstream’s assets should contact Todd Griffin, Commercial Manager, at 720-548-1259 or TGriffin@BOEMidstream.com.

About BOE Midstream

Headquartered in Denver, CO, BOE Midstream, LLC is a privately-held midstream energy company that provides crude oil logistics and transportation services as well as water disposal services to oil and gas clients operating throughout the Williston Basin.  Bakken Oil Express, BOE’s flagship asset, is the largest crude-by-rail terminal in North America, with over 200,000 barrels/day of throughput capacity and over 642,000 barrels of operational crude oil storage. BOE Pipeline is a 40-mile, 16-inch diameter dedicated pipeline with capacity for moving 200,000 barrels per day between its LL Terminals Killdeer facility and the Bakken Oil Express terminal.

 

Disclaimer:  This release contains forward-looking statements based on BOE management’s current views and assumptions. Actual results, including project plans, capacities, and schedules, could differ materially due to changes in market conditions affecting the oil and gas industry, political developments, the outcome of commercial negotiations, technical or operating factors, and other factors.  BOE assumes no responsibility to update this information.

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