CBR: Tesoro To Move More Bakken Oil By Rail

Reminder: results of wells that came off confidential list today are posted here.  XTO reported a nice well.

Reminder: I continue to update earnings reports and investment ideas at Earnings Central, 2Q12. I will continue to update this site for about one month following earnings reports. XOM and CVX are hitting new 52-week highs; CVX, an all-time high. And paying nice dividends to boot.

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Tesoro will move more Bakken crude by train, at Oil and Gas Journal.

Tesoro Corp. plans to move 50,000 b/d of crude oil from the Bakken formation in North Dakota to its 120,000-b/cd refinery in Anacortes, WA.

Last year, Tesoro announced plans to transport 30,000 b/d on a dedicated unit train. Earlier this year, Tesoro said it had authorization to bring 50,000 b/d of Bakken crude into its Anacortes rail unloading terminal. 

In its second-quarter financial results, Tesoro said it expects to load the first unit train with Bakken crude oil destined for Anacortes sometime during August, and the Anacortes rail unloading terminal is on schedule to be completed in September.

In addition:

Last year, Tesoro executed a long-term agreement with Rangeland Energy LLC for access to Rangeland's crude loading terminal and pipeline facility in Williams County, ND. It will have a direct connection to Tesoro Logistics' High Plains crude oil gathering system.

Also, unrelated to CBR:

At the Mandan, ND, refinery, Tesoro in June completed a $35 million expansion, boosting crude capacity to 68,000 b/d from 58,000 b/d.

The CBR locations in North Dakota are listed at this site (also linked at the sidebar at the right).

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See disclaimer. This is not an investment site. CVX and XOM are both trading at 52-week highs, and I believe, an all-time high for CVX. Imagine where we would be if the economy were doing well.

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Shawn alerted me to fact that Hess was now in the Monterey shale, California. Here's a nice link, note the reference to the Bakken, again:

Hess Corp., a $17 billion oil company with offices on six continents, recently set up shop in Bakersfield and already it's buying up property in California.

New York-based Hess doesn't have any operations on the West Coast, but its extensive work in North Dakota's Bakken formation could give the company valuable experience with which to tap the Monterey Shale, a potentially massive reservoir under development here and in other parts of Central California.

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In case you missed Jay, Michelle, and Gabby (I did; I don't watch television any more): Michelle chastises one of the fittest Americans and gold medalist for "splurging" on an Egg McMuffin. I can only imagine what Michelle eats at all those state dinners. Is foie gras still legal in DC? Thank goodness for Drudge and the internet. [Splurging suggests this youngster does not eat Egg McMuffins as a rule, but even one is bad for you, I suppose, if one is to believe Michelle. Nanny state comes to mind.]

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Something Is Going Down, Folks
 

Social Security Administration stocking up on ammo. Data points:

First it was the Department of Homeland Security, then it was the National Oceanic and Atmospheric Administration, and now the Social Security Administration is set to purchase 174,000 rounds of hollow point bullets that will be delivered to 41 locations across the country.

The synopsis to the solicitation adds that the ammunition is to be shipped to 41 locations within 60 days of purchase. A separate spreadsheet lists those locations, which include the Social Security headquarters in Baltimore, Maryland as well as major cities across the country including Los Angeles, Detroit, Oklahoma City, Dallas, Houston, Atlanta, Denver, Philadelphia, Pittsburgh and Seattle.

Hollow point bullets are designed to expand as they enter the body, causing maximum damage by tearing apart internal organs.

National Weather Service stocking up on ammo.  Data points:

• 16,000 rounds of hollow-point bullets --> Ellsworth, ME; and, New Bedord, MA
• 6,000 rounds of same --> Wall, NJ; St Petersubrg, FL (wow, if only Hunter S Thompson were alive)
• 750 million rounds of various ammo; 
• US Army also busy buying similar equipment
• all in preparation for possible civil unrest in and around DNC, RNC conventions

You don't need a weatherman to tell you which way the wind is blowin'.