Bakken: The Gift That Keeps On Giving -- Now, It's Tesoro

Platts is reporting:

Tesoro Corp. has remade itself from a small, second-tier US refiner into a leading presence in the US Northwest in both refining and logistic operations as it actively seeks out acquisitions and projects, according to analysts.

"No other US refining company can match [Tesoro's] demonstrated ability to execute on all facets of its strategic plan, in our view," said Macquarie Securities analyst Chi Chow in a report Friday.

Tesoro's Q2 refinery runs were up in California, thanks to the June purchase of BP's 266,000 b/d Carson, California, refinery and logistics business for $1.075 billion. The deal almost doubled Tesoro's California refining throughput.

But this is what the reader who sent me the link noted:

The company said the cost to rail Bakken to its 120,000 b/d Anacortes refinery is slightly less than $9/b. Anacortes has traditionally run Alaska North Slope, sent by tanker from Alaska. But now with Bakken coming in via rail from North Dakota, and taking into account the greater amount of gasoline and diesel extracted from a barrel of Bakken compared with the lower yield of the two products from a barrel of Alaska North Slope, the value of Bakken is upgraded by about $3-4/bbl, according to Tesoro's calculations.

On Thursday, Platts assessed the price of ANS at $110.85/b, while Bakken ex Clearbrook was assessed at $102.62/b.

A huge "thank you" to the reader.

By the way, there is some information on RINs in that article, so I will post the article again, in another stand-alone post to focus on RINs.