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Paradigm Plans Bakken Pipeline; Eyes 2014 Debut
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Paradigm Midstream LLC has reported the planned construction of a new 12-inch multi-market pipeline in the heart of the Bakken Shale, a significant oil formation in the Williston Basin underlying parts of Montana, North Dakota, and Saskatchewan.
Permitting is underway and construction is scheduled to begin in late 2013, with the pipeline expected to come on line in 2014, adding up to 120,000 barrels per day of crude oil take-away capacity from McKenzie County.
Paradigm Midstream and Dakota Plains Holdings Inc., and joint-venture partner, Petroleum Transport Solutions LLC, an indirect wholly owned subsidiary of World Fuel Services Corporation, have entered into an agreement that could lead to an exclusive pipeline transportation agreement to export crude oil from McKenzie and Dunn…
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