Stonepeak Pours $200M Into Paradigm’s Crude Oil Pipeline

Law360, New York (March 26, 2014, 5:24 PM EDT) -- Private equity firm Stonepeak Infrastructure Partners will invest $200 million in Paradigm Energy Partners LLC’s expansion of its crude oil gathering system in North Dakota and plans to shell out more as the projects move along, according to a Wednesday statement.

Texas-based Paradigm said the initial cash will make possible the early stages of its extension of its crude oil gathering system with pipeline that will span about 25 miles, traveling from the Charleson Field of northern McKenzie County in North Dakota south to Johnson's Corner,...
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