Asset Risk Management’s wholly owned subsidiary ARM Midstream plans to build a crude oil gathering system in the Bakken shale and underlying Three Forks formation. The system will gather crude from points in McKenzie County, ND, and transport it to interconnections with both downstream pipelines and rail terminals.
Zavanna LLC executed a letter of intent to be an anchor customer on the system, dedicating acreage in the core of its McKenzie County operations. ARM intends to hold an open season to gauge other producers’ interest in making long-term commitments to system.