"We knew that the Bakken was big. But like many people, we didn`t know exactly how big. But we ramped up very quickly and in accordance with what the customers were telling us and what the experts were telling us about how big the reserves were," said John Miller with BNSF.For newbies: North Dakota produces about 750,000 bbls of oil per day.
BNSF started exporting crude oil from western North Dakota in 2008. It started carrying 1.3 million barrels a day. Within four years, its export volume jumped to 100 million barrels a day.
"We`re real pleased with the growth in crude oil by rail on BNSF. And we`re still excited about the growth for the future," Miller said.
2012 was a big year for rail in North Dakota. Exports increased by 36 percent. And the reason rail is having so much success is because trains can reach coastal refineries that will pay more for oil.
Something tells me the story will be corrected. A "screenshot" has been taken, just in case.
100,000,000 million barrels per day makes no sense whatsoever. Neither does 100,000,000 gallons per day, as that is way 4 times as much as ND produces per day.
ReplyDeleteWhat does make sense is 100,000,000 lbs per day of oil freight out of ND. Pounds (as well as # cars) is the unit the railroads are concerned with, not barrels.
BN is moving about 330,000 barrels per day.
I'm sure it's just a typo. I have made similar typos and (hopefully) correct them when I am made aware of them.
DeleteMBO. Some don't know latin.
ReplyDeleteanon 1
It's funny; you don't know how many times I've mistaken "M" for million, etc.
DeleteFor newbies, in the oil and gas industry, "M" is one thousand.
I still tend to use "K" as in 250K bbls.
But it can be confusing, and I can guarantee you that I will make mistakes. And, wow, am I embarrassed when I do.