This story has been posted/linked before, but it's a huge story. I didn't want to lose sight of it.
Two data points, the first:
About 300,000 barrels a day of Bakken oil is being shipped from North Dakota by rail, ...
Some rail deliveries of Bakken are reaching Texas and Louisiana, ...The second data point:
The Bakken formation, which stretches across parts of North Dakota, Montana and Saskatchewan, and the Eagle Ford formation in south Texas produce the majority of shale oil in the U.S., ahead of formations such as Niobrara in Wyoming and Colorado, Bone Spring in Texas and New Mexico and Monterey in California. Eagle Ford produced about 283,000 barrels a day this June, up from about 98,000 barrels a day in June 2011 and no barrels in April 2008, according to the Railroad Commission of Texas, the state’s oil and gas regulator.
“Unconventional oils and gas are changing everything about our competitiveness in the United States,” Bill Klesse, Valero Energy Corp.’s chief executive officer, said yesterday at the Barclays CEO Energy/Power Conference in New York. “Before you know it, we’re going to have so much light, sweet crude that in the U.S. Gulf Coast we’re not going to be importing light, sweet crude, and we think that happens next year.”
Comment at Peters: http://extras.newswire.ca/peters20120911/
ReplyDeleteCrude by rail cars return with condensate - free backhaul for diluent to mix with heavy oil.
That is important. A very big deal.
Does anyone know:
How much is happening?
Is Bakken CBR involved?
anon 1