One of the most significant and active unconventional reservoirs in the world, the Bakken Shale has swiftly and decisively outgrown the infrastructure currently in place. While a number of companies have announced plans for new, expanded or reversed pipelines to increase the region's takeaway capacity by 2015, terminal options and storage capacity in the region remain very limited. Flexibility in terminal storage and the ability to rapidly move products when the market is beneficial greatly enhances operator exposure to more favorable price differentials and market outlet options. In the most prolific oil field in North America, where production is expected to double over the next year, additional capacity is needed now.
Legion Terminals, LLC will construct a 2 million barrel crude oil terminal and storage facility in the key supply hub of Johnson's Corner in McKenzie County, North Dakota.