Inergy Midstream, L.P. plans to buy Rangeland Energy, LLC, owner and operator of the COLT crude oil rail terminal, storage, and pipeline facilities, for $425 million. The COLT Hub is located near the town of Epping in Williams County, ND in the heart of the Bakken and Three Forks shale oil-producing areas. The COLT Hub provides producers, refiners, and marketers with the largest open-access crude oil distribution hub in North Dakota.
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