Thursday, May 24, 2012

Enbridge: How the Bakken Has Changed Things

Link here to the Bismarck Tribune.
Enbridge’s Bakken pipeline projects will add 145,000 barrels per day of capacity from North Dakota into Enbridge’s main line, said Perry Schuldhaus, Enbridge vice president of regional business development.

Once constructed, the Beaver Lodge Loop project will add up to 148,500 barrels per day of pipeline capacity into Enbridge’s Berthold station in North Dakota. The company has reversed the Seaway Pipeline flow and will expand the 150,000-barrel-a-day pipeline’s capacity to 400,000 barrels a day in the first quarter of 2013.

The company plans to reverse Line 9A from Sarnia, Ontario, to Westover, Ontario, and Line 9B from Westover to Montreal to serve refineries in Quebec.
This article is chock full of data points. A huge thanks to the Bismarck Tribune folks. Great reporting.

Go to the link.

Some of the data points -- 

From Williston Basin to ultimate destination 
  • 56 percent: pipeline 
  • 28 percent: rail 
  • 10 percent: to the Tesoro refinery in Mandan, North Dakota 
  • 6 percent: trucked to Canada 
In-state: 
  • 74 percent transported by truck from wells to rail or pipelines 
  • 26 percent into pipeline at the wellhead 
  • Dunn County: 78 truck/22 pipeline 
  • Mountrail County: 55 truck/45 pipeline 
  • Williams County: 95 truck/5 pipeline 
  • McKenzie County: 89 truck/11 percent 
Can anyone say "low-hanging fruit"? Shovel-ready jobs? This is one more reason why more workers needed in state; the oil companies want trucks off the roads as much as the citizens and faux enviromentalists. 

Some random comments:
  • look at the "out-of-state" destination numbers. It takes awhile to put in interstate pipeline, and yet oil production is increasing at the rate of 3 - 5 percent month-over-month; expect to see rail increase (on a percentage basis and a raw number basis) in the near term
  • the Keystone XL 2.0N could carry a lot of Bakken oil, but if it's mixed with Canadian oil sands oil, producers won't put it in the Keystone; I don't think the original plan included separate pipeline for Canadian oil and Bakken oil going down the Keystone (but I don't know)
  • look at the deltas between the various counties
I still find it incredible the Boss killed the Keystone XL.