Dakota Plains expects to commission an expansion of its Pioneer Terminal in New Town, ND, on December 18th.
When completed, throughput capacity at the rail terminal will increase from 30,000 b/d to 80,000 b/d. The facility will also have 180,000 barrels of storage.
The expansion couldn't come at a better time. The spread between WTI and Brent oil prices is at the highest point since March. A larger spread makes moving oil by rail more attractive.
Read more at www.dakotaplains.com