Saturday, April 21, 2012

EIA Update on Takeaway Capacity in the Williston Basin

"M4570D0N" provided this:
The EIA came out with a new report on Tues (4/17):
"Williston Basin Crude Oil Production and Takeaway Capacity Are Increasing"
http://www.eia.gov/todayinenergy/detail.cfm?id=5870
At the link:
Crude oil production from the Williston Basin (primarily the Bakken formation) recently increased to more than 600 thousand barrels per day (bbl/d), according to Bentek Energy, LLC (Bentek), testing the ability of the transportation system—oil pipelines, truck deliveries, and rail—to move crude oil out of the area (see chart above). The current price gap between Bakken crude oil and West Texas Intermediate (WTI) shows the effects of this constraint. Bentek projects more transportation capacity coming online in 2012, potentially alleviating this constraint. 

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