Friday, October 5, 2012

Bakken Transloading Transaction

Global Partners LP has announced it has signed a purchase agreement to acquire a 60% membership interest in Basin Transload LLC , 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. 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.  The 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 West Coast and Gulf Coast markets. Read more

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