Dakota Plains building new storage tank

Dakota Plains Holdings Inc. is planning on building a third, 90,000-barrel storage tank for Bakken crude oil at its Pioneer Rail Terminal in North Dakota.

It is expected that the expansion will cost $5.5 million and will boost the terminal’s storage capacity to 270,000 barrels. The terminal located in New Town, North Dakota on the Fort Berthold Indian Reservation, collects crude oil from delivery trucks. It then stores the oil and loads it onto rail cars for export.

Dakota Plains, together with joint venture partner World Fuel Services Corp, says the new capacity is needed as Hiland Partners is about to open a new pipeline and Canadian Pacific boosts rail capacity in the region.
Hiland Partners, a privately-held midstream company chaired by Continental Resources Inc Chief Executive Harold Hamm, is building its 450-mile (724 km), 50,000 barrel-per-day Double H pipeline from Dore, North Dakota, to Guernsey, Wyoming.

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