Rangeland Midstream Announces New Canadian Pipeline Project
Rangeland Midstream Canada, a subsidiary of Rangeland Energy, announced plans to design, construct and operate new crude oil and condensate pipelines located in the Marten Hills region of north central Alberta. The Marten Hills Pipeline System will extend approximately 53 miles and consist of crude oil and condensate pipelines and related facilities. The system is expected to come into service in the second quarter of 2020.
The system is anchored by long-term transportation agreements with three of the region’s largest crude oil producers, who have made a combined minimum volume commitment representing 40 percent of the system’s capacity. The agreements also include acreage dedications totaling approximately 450,000 acres.
The system will gather crude oil production from the Clearwater formation in the Marten Hills region, which is emerging as an extremely economic play with low extraction costs using modern multilateral horizontal drilling. The system will deliver blended crude oil to an existing third-party takeaway pipeline which serves the Edmonton, Alberta, hub and refining market. Condensate will be received from a third-party pipeline and delivered to production batteries for diluent blending.
“We are providing a timely and creative midstream solution in an emerging play, alleviating potential infrastructure bottlenecks and allowing our producer customers to concentrate on growing their production," said Britton Speer, vice president of Business Development at Rangeland Canada.
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