Friday, April 21, 2017

CBR Ending For US East Coast Refiners -- April 21, 2017

DAPL is flowing.

Largest refiner on US east coast will no longer take rail deliveries of Bakken oil.

Good, bad, or indifferent with regard to one's thoughts about pipelines, think about  it: 425,000 bopd that used to be by rail through Minneapolis, Chicago, etc., will no longer go through those cities. 

Reuters story with data points:
  • largest refiner on US east coast: Philadelphia Energy Solutions Inc
  • at its peak, took three miles' worth of trains filled with Bakken oil each day
  • just five rail deliveries in May; no rail deliveries in June 
  • recently getting one unit train per day; one unit train: 75,000 bopd
  • rail volumes in the Bakken peaked at 420,000 bopd
  • DAPL begins interstate crude oil delivery May 14, 2017
  • 1,172-miles long
  • western North Dakota to Patoka, IL
  • 450,000 bopd
  • will connect to large refineries in the Nederland and Port Arthur, TX, area

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