Bakken Oil News

Crude by rail shipments down by half as North Dakota oil production hits two-year low

Crude by rail shipments down by half as North Dakota oil production hits two-year low

October 15, 2016 | La Crosse Tribune | Rail shipments of petroleum from Midwestern oil fields to East Coast refineries have plummeted as North Dakota’s oil production has fallen to a two-year low. Production dropped below 1 million barrels per day for the first time in more than two years, officials said Thursday — yet […]

By October 15, 2016 0 Comments Read More →
Oil Shipments by Rail now Equal – East and West Coasts

Oil Shipments by Rail now Equal – East and West Coasts

October 15, 2016 | Bakken Today | An estimated 350,000 barrels per day left the Bakken by rail in July, said North Dakota Pipeline Authority Director Justin Kringstad. The top destination for Bakken crude-by-rail shipments had been East Coast refineries, but in July the East and West coasts each received about 42 percent of Bakken […]

By October 15, 2016 0 Comments Read More →
A big bet on oil train safety in Vancouver

A big bet on oil train safety in Vancouver

October 15, 2016 | Crosscut – Earthfix | The company behind the oil-by-rail terminal proposed for the Port of Vancouver announced new safety measures Friday. It hopes they will quell fears about the project. Oil company Tesoro says it wants to prove to the community and regulators that it takes safety concerns seriously. The Vancouver Energy […]

By October 15, 2016 0 Comments Read More →
Postscripts that could renew your faith in public officials: Crude oil trains, Camarillo rock slides and homeless college students

Postscripts that could renew your faith in public officials: Crude oil trains, Camarillo rock slides and homeless college students

October 12, 2016 | LA Times | Who says the news is all bad? Last week, after months of hearings and public protest, the San Luis Obispo County Planning Commission voted to deny oil giant Phillips 66 a permit to build a rail terminal at its Santa Maria Refinery. The project would have allowed Phillips to […]

By October 15, 2016 0 Comments Read More →
Crude realities for Bakken oil as Shell ditches West Coast rail plan

Crude realities for Bakken oil as Shell ditches West Coast rail plan

October 8, 2016 | Reuters |  North Dakota oil producers were dealt another blow this week when Royal Dutch Shell said it would scrap plans to build an oil train terminal in Washington state that would have taken over 400,000 barrels per week of Bakken and other inland crudes. Shell’s move on Thursday comes at […]

By October 15, 2016 0 Comments Read More →
Helms predicts oil will come back ‘with a rush’

Helms predicts oil will come back ‘with a rush’

April 19, 2016 | The Bismark Tribune | WILLISTON – North Dakota’s top oil regulator had a message for Williston leaders this week: Get ready. When – not if – oil prices increase, drilling crews will be back in the Bakken eager to make up for lost time, said Director of Mineral Resources Lynn Helms. […]

By April 19, 2016 0 Comments Read More →
Decline in oil production levels off

Decline in oil production levels off

April 19, 2016 | The Bismark Tribune | A recent sharp dive in oil production leveled off in February, reported the state’s top oil and gas industry regulator on Friday during his monthly media briefing on production figures. The Department of Mineral Resources reported preliminary February oil production of 1,118,333 barrels per day, a slight […]

By April 19, 2016 0 Comments Read More →
The New Oil-Storage Space: Railcars

The New Oil-Storage Space: Railcars

February 28, 2016 | The Wall Street Journal | The U.S. is so awash in crude oil that traders are experimenting with new places to store it: empty railcars. Thousands of railcars ordered up to transport oil are now sitting idle because current ultralow crude prices have made shipping by train unprofitable. Meanwhile, traditional storage tanks are […]

By February 29, 2016 0 Comments Read More →
East Coast Deliveries From Bakken Region Peak in 2015

East Coast Deliveries From Bakken Region Peak in 2015

February 26, 2016 | EIA.GOV | Editor’s Note: Although reports continue to show a slow drop in the number of oil shipments by rail, it is interesting to note that since 2010, the greatest number of oil train shipments from the Bakken region to the east coast peaked in May of 2015 and although the […]

By February 26, 2016 0 Comments Read More →

Crude Oil Trains Down 17 Percent in 2015

February 26, 2016 | Finance & Commerce | The Association of American Railroads said Wednesday that 410,249 carloads of crude oil were carried across the United States last year, down from 493,126 carloads in 2014. But the number of crude oil carloads remains well above the 9,500 carloads railroads hauled in 2008 before the boom […]

By February 26, 2016 0 Comments Read More →