Paradigm Commissions Charlson, N.D. Gathering System
Paradigm Energy Partners, LLC announces the commissioning of its Charlson Gathering System to gather crude from Northern McKenzie County, N.D.
DALLAS, (May 5, 2015) – Paradigm Energy Partners, LLC (“Paradigm”) announced today the commissioning of a gathering system servicing the Charlson Field in northern McKenzie County, N.D. The Charlson Gathering System consists of 24 miles of 6” and 8” pipeline gathering into the Charlson Extension, a 10” trunkline which runs 20.5 miles south into Paradigm’s Keene CDP (“Paradigm Keene CDP”). The Charlson System has a capacity of 80,000 barrels of oil per day, providing Charlson Field producers uninterruptable gathering and crude transportation service into the Paradigm Keene CDP.
Paradigm’s 272 Acre Keene CDP (Q3 2016) will be the commercial and operational storage hub of the Paradigm system and will provide producers access up to 1.2 MMBbl of crude storage, 24 truck bays, and multi-market takeaway options into the Tesoro Pipeline at Tesoro’s Keene Station, and into the Four Bears Bridger Pipeline.
About Paradigm Energy Partners, LLC
Headquartered in Dallas, TX, Paradigm is a full service midstream company focused on providing flexible custom gathering, storage, and transport solutions for crude oil, natural gas and NGL producers in the Bakken Shale of North Dakota, and the Eagle Ford Shale of South Texas. Paradigm is a responsive midstream company, backed by the resources and expertise of our equity partner, Stonepeak Infrastructure Partners. Visit www.paradigmmidstream.com for more information.
About Stonepeak Infrastructure Partners
Stonepeak Infrastructure Partners is an independent private equity investment firm specializing in North American middle-market infrastructure. Stonepeak invests in businesses comprised of hard assets with strategic importance, primarily in the following sectors: Energy, Power & Renewables, Transportation, Utilities, Water & Communications. Stonepeak is based in New York. Visit www.stonepeakpartners.com for more information.
Contact: Jon McDonald