PAA acquires Williston Basin crude oil terminal under construction

Plains All American Pipeline LP (NYSE: PAA) has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expected to be in service in the third quarter of 2015, will serve as a crude oil logistics hub in the Williston Basin.

The terminal is located on 60 acres of property and includes 500,000 barrels of crude oil storage, pipeline interconnects, truck facilities, and other associated assets. The terminal is permitted for up to 2 million barrels of crude oil storage, eight pipeline interconnects, and 12 truck unloading stations.

Once in service, the terminal will complement Plains’ existing Williston Basin footprint and provide opportunities for additional connectivity to Plains assets. Plains’ Trenton crude oil gathering system and Manitou and Van Hook crude-by-rail facilities are all located within 50 miles of the terminal.

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