Paradigm Energy Partners, LLC Expands Asset Footprint with Crude Oil Gathering Agreement
Paradigm Energy Partners, LLC Expands Asset Footprint with Crude Oil Gathering Agreement in Northern Mountrail County, North Dakota
Irving, Texas, March 8, 2016 – Paradigm Energy Partners, LLC (“Paradigm”, the “Company”) announced today that its wholly owned subsidiary, Paradigm Midstream Services – ND, LLC has finalized an agreement with an undisclosed private company to construct a new gathering system to gather crude oil in North Dakota’s Bakken Shale. Under the terms of the agreement, which is secured through an acreage dedication, the 23 mile gathering system will deliver approximately 17,000 acres of production from the Ross Field in northern Mountrail County to Paradigm’s joint venture rail terminal in Palermo, North Dakota. From Palermo, producers can access east and west coast markets via the BNSF Railway, as well as downstream markets near Stanley, North Dakota, where Paradigm has existing pipeline connections.