This morning on Bloomberg or CNBC, I heard them talk of two new refineries that are to be built in North Dakota. Does anyone know who's building them and where they are to be built? As much news as I've been reading about the patch lately, I have not seen anything on this. TIA for your help.
Also, I hope you guy's are keeping an eye on Natty which is moving north lately and should really help those plays that have 40 to 50% natty. I think they start making some pretty good money around $4. GLTA
I don't know of two, but for sure one refinery is being built in Dickinson ND, on the south edge of the Bakken. IT is a deisel refinery and is being built by MDU Resources Group Inc. and Indianapolis-based Calumet Specialty Products Partners. MDU is mutlfaceted CO and supplies ND and Montana with utitlity natural gas and electricity and operates power plants in ND.
Hope this helps
The refineries will be on the smaller side - approximately 20,000 b/d in capacity - and designed to mostly produce diesel. MDU Resources Group and Calumet Specialty Products Partners broke ground yesterday on a plant located west of Dickinson in Stark County, N.D. that is expected to take approximately 20 months to build.
"The facility's engineering and plant design are in the final stages. Westcon has been selected as the general contractor and Ventech Engineering will be the primary equipment and technology provider. MDU Resources' construction businesses, Knife River Corporation and MDU Construction Services Group, are among potential subcontractors. Other MDU Resources' companies involved in the project include Fidelity Exploration and Production Company, which will supply some of the facility's crude oil; WBI Energy, which will supply natural gas service to operate the facility; and Montana-Dakota Utilities, which will supply the facility's electricity needs," according to a statement posted on MDU's website.
For its part, Dakota Oil Processing plans to construct the Trenton Refinery, which will be located "immediately east of the junction of the BNSF railroad mainline and North Dakota State highway 1804 approximately 15 miles southwest of Williston, North Dakota at a location known as Marley Crossing," according to the company's website.