In recent months, PES was getting roughly one unit train per day, the equivalent of 75 Mbbl/d. During the boom years between 2013 and 2015, PES would routinely receive three trains a day of Bakken crude, Reuters reported.
Delays make regional pipeline capacity insufficient in the near term, IHS Markit says.
Bracewell attorneys assess response to NY request for vapor standard in transportation of Bakken crude.
Canadian crude-by-rail exports to the U.S. rose 48% in October vs. the previous month, National Energy Board (NEB) data showed on Jan. 11, as volumes recovered from a steep slump earlier in the year.
Energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities, Reuters reported.
Watco To Acquire Additional Bulk Terminals From Kinder Morgan
Transport Minister Marc Garneau confirmed the plan in an interview with CBC Radio's "The House," the broadcaster said on its website.
U.S. producers of sand used to extract oil from shale are raising prices due to stronger demand, a sign higher oil prices are improving the outlook for the domestic fracking industry.
Michael Collins, vice president of business development for CIG Logistics, said the hub will employ railroad engineers, conductors, bulk terminal operators and others.
Shell's move on Oct. 6 comes at a bad time for Bakken producers, who have endured a two-year price rout and need new routes to move their oil to coastal refineries.
Toronto police said there were no charges involved in the incident, Reuters reported.
If Sandpiper Pipeline Project is snuffed, supply-and-demand balance in Bakken could arrive sooner, East Daley analysts say.