SNR Denton announced today it advised Bakken Oil Express LLC (BOE), a subsidiary of Lario Logisitics LLC, owner of The Bakken Oil Express Rail Hub, the first multiple shipper operation in North Dakota for loading crude oil onto unit trains, on the successful completion of a long-term anchor shipper agreement with Eighty-Eight Oil LLC.

 

“The Bakken Oil Express Rail Hub is the first of its kind, and is a strategic asset for the industry as North Dakota crude oil production continues its strong growth over the next few years,” said Marian M. Hagler, a Corporate practice and Energy, Transport and Infrastructure sector partner at SNR Denton.

 

BOE is strategically located west of Dickinson, ND, on the BNSF mainline within the Three Forks shale oil play and in close proximity to pipelines originating from the heart of the Bakken shale oil play. In October 2011, the BOE Rail Hub will be connected to an existing regional oil pipeline and will accept first truck deliveries. At startup, BOE facilities will include 2 rail loops, each approximately 8,000 feet long, 210,000 barrels of tankage, and a “Truck Center” with six independent bays and room for expansion. Initial take away capacity will be more than 100,000 BOPD. With this large capacity and plans in place to add additional loops, tanks, rail loading racks and pipeline connections, throughtout can be expanded to more than 250,000 BOPD.

 

SNR Denton’s team was led by Hagler and she was joined by Dallas partner Vince Murchison.

 

Hagler recently joined SNR Denton’s Washington Office, together with fellow partners Jonathan Cahn and Guly Sabahi. The group focuses on international energy and infrastructure projects.

 

SNR Denton’s award-winning Energy, Transport and Infrastructure sector has more than 350-members globally and is perfectly situated to assist clients in the new energy economy. The firm’s lawyers and professionals have long advised clients in these fundamental industries in their transactional, regulatory and litigation needs. SNR Denton understand that its clients work within a complex framework of local and global regulation and have projects that are capital-intensive and require creative financing solutions. The firm’s areas of focus include: airports, cleantech, electricity, highways and roads, mining, nuclear, oil and gas, ports, rail, renewable energy, social infrastructure, waste and water.