Stratnor (Strategic Northern) has entered into an agreement to supply crude oil to Enterprise Products Partners, L.P. Cargoes are to be delivered daily at Stratnor’s blending and loading facilities in Killdeer, North Dakota and Sidney, Montana.
Stratnor’s Chief Executive Officer Bruce Anugwom hailed the agreement:
“We are very pleased to be associated with Enterprise Products, which with a market capitalization of $70 billion dollars is one of the largest publicly traded energy companies and a leading North American provider of midstream energy services. We look forward to deepening and expanding our cooperation going forward.”
Bruce Anugwom has overseen a dramatic expansion of Stratnor’s operations in the Bakken. He adds that the company has begun executing a strategy to achieve similar results in other shale markets:
“We are replicating in other shale plays what has proven to be our very effective methodology. We’re establishing operations in Eagle Ford, Marcellus, Niobrara, Powder River and Monterrey. We are achieving my goal of making Stratnor a prime participant in the shale revolution.”
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