Dakota Plains Holdings Inc has begun frac sand transloading operations at the Pioneer Terminal in New Town ND through its new sand transloading joint venture.
As announced in August 2013, Dakota Plains and UNIMIN Corporation, the world’s leading producer of quartz proppant, executed an agreement to construct a frac sand automated terminal with 8,000 tons of storage and a throughput capacity of 750,000 tons per year. The terminal is fully operational and started operations during the week of June 12.
Dakota Plains’ sand joint venture has entered into an agreement with Rail Link Inc, a wholly owned subsidiary of Genesee & Wyoming Inc, under which Rail Link will operate and maintain the Dakota Plains frac sand transloading facility.
Chairman and Chief Executive Officer of Dakota Plains Craig McKenzie said: “We are pleased to commence our frac sand transloading operations at UNIMIN’s newly built, state-of-the-art facility at the Pioneer Terminal. This new operation will make Pioneer a major supplier of frac sand in the Williston Basin and is expected to generate about $2 million in earnings per year.”
Dakota Plains is an integrated midstream energy company, which competes through its 50/50 joint ventures to provide customers with crude oil offtake services that include marketing, transloading and trucking of crude oil and related products. Direct and indirect assets include a proprietary trucking fleet, more than 1,000 railroad tankcars, and the Pioneer Terminal transloading facility centrally located in Mountrail County, North Dakota, for Bakken and Three Forks related Energy & Production activity.