Bakken Oil News

In Dakota Oil Patch, Trains Trump Pipelines

In Dakota Oil Patch, Trains Trump Pipelines

March 3, 2014 | Wallstreet Journal | Moving North Dakota’s oil riches out of state on trains was supposed to be a stopgap solution until pipelines could be built. But even as crude gushes from the state’s Bakken Shale at a rate of nearly 1 million barrels a day, some pipeline companies are abandoning proposed […]

By March 4, 2014 0 Comments Read More →
Buffett says rail tank cars need upgrades for oil

Buffett says rail tank cars need upgrades for oil

March 3, 2014 | Bismark Tribune | MAHA, Neb. — Investor Warren Buffett says it’s clear that railroad tank cars carrying crude oil need to be updated because oil from certain regions has the potential to be more dangerous than previously thought. Buffett appeared on CNBC Monday after releasing his letter to Berkshire Hathaway shareholders […]

By March 3, 2014 0 Comments Read More →
Walz, officials say oil boom necessitates safer rail procedures

Walz, officials say oil boom necessitates safer rail procedures

February 27, 2014 | MINNPOST| WASHINGTON — Since a 400,000-gallon oil spill just 20 miles west of the North Dakota-Minnesota border in December, lawmakers have waited for their opportunity to examine rail shipping safety standards and procedures. Members of a house panel, spurred on by U.S. Rep. Tim Walz (D-Minn.), got their first chance on Monday, […]

By March 2, 2014 0 Comments Read More →
New U.S. rail rules will not revamp old oil tank fleet

New U.S. rail rules will not revamp old oil tank fleet

February 28, 2014 | Reuters – Yahoo News| NEW YORK/CALGARY – New U.S. rules to toughen classification standards for oil-train shipments will affect less than 3 percent of the tank cars now hauling crude across the country, leaving older, flawed models on the tracks, officials and industry sources say. [Read the entire article here.]

By March 1, 2014 0 Comments Read More →
Bakken oil rail slows, regulators deny terminal closures

Bakken oil rail slows, regulators deny terminal closures

February 28, 2014 | Reuters | Feb 28 (Reuters) – Oil shipments by rail from the booming Bakken shale in North Dakota have slowed over the past two days, data showed on Friday, but a U.S. regulator knocked down rumors that some terminals have been shut down due to new rules. Oil traders are on […]

By March 1, 2014 0 Comments Read More →
House Transportation Subcommittee Hearing Video

House Transportation Subcommittee Hearing Video

February 28, 2014 | DOT-111 Reader | On February 26, 2014 the House Transportation Subcommittee on Railroads, Pipelines and Hazardous Materials held a hearing focusing on safety issues related to the transportation of hazmat via rails. Compiled for your viewing pleasure, the testimony has been reduced into a 33-minute video highlighting the main issues that […]

By February 28, 2014 0 Comments Read More →
Most Bakken crude can move under FRA Emergency Order

Most Bakken crude can move under FRA Emergency Order

February 27, 2014 | Railway Age | The most onerous burdens under the Emergency Order issued by the Federal Railroad Administration Feb. 25 fall upon crude shippers and transloaders. The earlier regulatory vagueness concerning the classification of crude oil has now been sharpened by specific prescriptions for evaluating “flash point; boiling point; corrosivity to steel […]

By February 28, 2014 0 Comments Read More →
Dream of U.S. Oil Independence Slams Against Shale Costs

Dream of U.S. Oil Independence Slams Against Shale Costs

February 26, 2014 | Bloomberg News | The path toward U.S. energy independence, made possible by a boom in shale oil, will be much harder than it seems. Just a few of the roadblocks: Independent producers will spend $1.50 drilling this year for every dollar they get back. Shale output drops faster than production from […]

By February 27, 2014 0 Comments Read More →

Fed’s Emergency Order Only Affects 1,100 DOT-111 Rail Cars

February 26, 2014 | Bismark Tribune | WASHINGTON — Federal regulators issued an emergency order Tuesday requiring more stringent testing of crude oil before shipment by rail to determine how susceptible the cargo is to explosion or fire, a response to a string of train accidents since last summer involving oil from the Bakken region […]

By February 26, 2014 0 Comments Read More →
Feds issue emergency order on oil shipments

Feds issue emergency order on oil shipments

February 25, 2014 | Bismark Tribune | WASHINGTON — Federal regulators say they’ve issued an emergency order requiring tests of crude oil before shipment by rail in response to a string of train explosions and fires since last summer. The Federal Railroad Administration said Tuesday it also is prohibiting shipping oil using the least-protective packing […]

By February 25, 2014 0 Comments Read More →