Research and Markets: Increasing Rail Transportation of Crude Oil Narrows Gap Between Prices of Bakken Crude and West Texas Intermediate
Research and Markets (http://www.researchandmarkets.com/research/5cfgsj/increasing_rail) has announced the addition of GlobalData's new report "Increasing Rail Transportation of Crude Oil Narrows Gap Between Prices of Bakken Crude and West Texas Intermediate" to their offering.
Production from the Bakken shale formation in North Dakota is registering rapid growth due to the use of drilling techniques such as horizontal drilling and hydraulic fracturing. The existing pipeline capacity in North Dakota has not been sufficient to handle this increased production. Consequently, Bakken crude started selling at discounted prices, compared to the prices of crude oil from West Texas Intermediate (WTI). In order to mitigate this trend, some of the companies producing crude at the Bakken shale formation started transporting more crude using rail cars. This has reduced the gap between Bakken crude and WTI crude prices.
- The viewpoint explains how increased rail transportation of crude oil has narrowed gap between Bakken Crude and WTI prices.
- The viewpoint also covers how development of new railway lines and terminals reduced discounted prices of crude from Bakken Shale formation.
- Geographic Scope- US.
Reasons to buy
- To know about gross crude oil production of 138.6mmbbl from US Bakken Shale in 2011.
- To understand how insufficient evacuation infrastructure has resulted in discounted prices for crude oil produced from North Dakota's Bakken Shale formation.
- To know how the commencement of operations of certain planned pipelines may affect demand for Bakken crude oil.
For more information visit http://www.researchandmarkets.com/research/5cfgsj/increasing_rail