Canadian Pacific (CP) announced that it will be moving additional Bakken crude oil by unit train from a planned industry logistics hub served by its North Dakota network.
The Van Hook, ND, facility, to be developed by U.S. Development Group (USD), will handle crude oil and related products from the Bakken formation and will have initial capacity of up to 35,000 barrels per day at eight automated truck-unloading positions. Located on CP’s Bakken North Dakota network, the hub will facilitate the loading of product via onsite tankage from truck or pipeline to railcar for movement to markets across North America.
This facility will become part of the largest crude-by-rail network in the U.S. and will initially allow for the assembly of 15 to 17 crude unit trains per month, numbering up to 104 railcars, for haulage on CP’s network and to all parts of North America. Capacity will expand to accommodate up to 30 unit trains per month once the terminal is fully developed.
“We have extended our energy franchise with ongoing capital investments on our U.S. Midwest network and are moving forward with our 2012 accelerated capital plan which includes investments that support our energy growth strategy,” said Jane O’Hagan, CP Executive Vice-President and Chief Marketing Officer. “These investments expand network capacity and enhance our ability to meet increased traffic demands from the Bakken play, including inbound materials such as frac sand and pipe.”