Tesoro is awaiting regulatory approval for its planned acquisition of Great Northern Midstream LLC and its crude oil pipeline, gathering system and storage and rail loading facilities.
Assets to be purchased include the 97 mile BakkenLink crude oil pipeline, which connects to several third-party gathering systems, a 28 mile gathering system in the core of the Bakken, a 154 000 bpd rail loading facility and a 657 000 bbl storage facility in Fryburg.
Should the deal go through, Tesoro will be capable of pumping roughly 65 000 barrels of oil out of the Bakken each day.
