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Tuesday, June 4, 2013

So, Just How Much Oil Is Being Shipped By Rail Out Of The Bakken?

Motley Fool is reporting:
According to the Association of American Railroads, total crude shipped this past quarter was 97,135 carloads, a 166% jump from this quarter last year and the largest jump in crude shipments in over a decade. The largest sources of rail's success has come from a few select places, most notably the Bakken formation and Canadian oil sands. EOG ships 100% of its Bakken crude via rail, and Continental Resources, the top producer in the Bakken, now transports approximately 80% of its crude via rail.
I don't know what others think, but I find it somewhat amazing that EOG ships all -- repeat, all -- of its Bakken crude oil via rail.

Data from this article same as Motley Fool above.

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