Service & Supply | Oilfield Services
Global Partners Acquire Interest in Bakken Rail Loading Facility
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Global Partners LP announced that it has signed a purchase agreement to acquire a 60% membership interest in Basin Transload LLC ("Basin Transload"), which operates two transloading facilities in North Dakota with a combined rail loading capacity of 160,000 barrels per day. The total purchase price is expected to be approximately $80 million.
The transloading facilities are approximately 195 miles apart in Columbus and Beulah, North Dakota. The Columbus facility is located along the Canadian Pacific Railway and provides single line haul service to Global's recently expanded terminal in Albany, NY. Basin Transload's Beulah site, which supports crude oil production efforts in the Williston Basin, is located along the Burlington Northern Santa Fe Railroad with direct long-haul service to the…
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