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NDís railed oil capacity jumps 55 percent in June
Fuel Fix ^ | June 19, 2012 | Associated Press

Posted on 06/19/2012 5:17:10 AM PDT by thackney

North Dakota’ s capacity to export crude oil by rail has jumped about 55 percent in June.

The increase comes with two new loading facilities in western North Dakota’s oil patch.

Musket Corp. increased capacity at its crude-to-rail facility at Dore from 10,000 barrels to 60,000 barrel per day.


TOPICS: News/Current Events; US: North Dakota
KEYWORDS: bakken; energy; oil
Other facilities described as 120,000 bpd and 470,000 bpd. Not the total for the area, just those mentioned in the article.
1 posted on 06/19/2012 5:17:21 AM PDT by thackney
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To: thackney

Is this Warren Buffets Railroad? It would make sense for him to benefit from the obstructed Keystone pipeline. I still say use the Alaskan Model and build it. States and the voters would be chomping at the bit to build it, environment be d@mmed.


2 posted on 06/19/2012 5:32:39 AM PDT by momincombatboots (Back to West by G-d Virginia. 2016 starts today!)
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To: momincombatboots
I still say use the Alaskan Model and build it.

I don't see how the Alaskan Pipeline is a model for the Keystone XL pipeline.

3 posted on 06/19/2012 5:34:42 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

I have heard that the break even point in North Dakota is about $60 per barrel. I also hear that is not sweet crude. With today’s prices and the transportation cost is it economical?


4 posted on 06/19/2012 5:43:50 AM PDT by Okieshooter
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To: thackney

It’s very simple. The proceeds from the pipeline are divided and paid annually to Alaskan citizens. I am not sure how this is calculated, but I could find out for ya. I am sure the state has a piece carved out as well. Back in the early 90s that was three thousand dollars. Alaskans Heart the pipeline! It is the perfect model, let the folks who work on it and give up property for it benefit. Not a politician in the country could justify voting against the people. It’s not free money either, it’s simply smart. No one has the canards to do it.. too much soy in our diets.


5 posted on 06/19/2012 5:47:50 AM PDT by momincombatboots (Back to West by G-d Virginia. 2016 starts today!)
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To: Okieshooter

Bakken is a Light Sweet Crude
> 31 API
< 1 0% Sulfur

http://www.turnermason.com/Publications/petroleum-publications_assets/Bakken-Crude.pdf
Page 13


6 posted on 06/19/2012 5:49:03 AM PDT by thackney (life is fragile, handle with prayer)
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To: momincombatboots

Epping is a BNSF rail location. I could not find the other point on the map. The BNSF and CPRS are the only railroads that serve North Dakota. However, the CN railroad runs within 30 miles of the border in SK.


7 posted on 06/19/2012 5:53:37 AM PDT by woodbutcher1963
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To: momincombatboots
The proceeds from the pipeline are divided and paid annually to Alaskan citizens.

No, you are confusing the pipeline with the mineral rights.

The mineral rights are owned by the governments, either State, Federal or Native Village Corporation.

The State owned mineral rights are split with state government expenditures and the remaining portion is deposited into a state owned fund called the Permanent Fund. The dividend from this fund is averaged over 5 years and half is split with the residents. Most of the income, ~80%, is from the investment of the fund into stocks, bonds, etc. About 20% is from the oil royalty today.

The pipeline is a joint venture by the oil companies. No revenue from the pipeline goes to the residents.

8 posted on 06/19/2012 5:56:02 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Even light sweet crude is going to be marginal with transportation costs, gross production tax, and royalty payments at the current approx $80. The Keystone is badly needed up there.


9 posted on 06/19/2012 5:59:12 AM PDT by Okieshooter
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To: momincombatboots
Back in the early 90s that was three thousand dollars.

No, it wasn't.

More info at:
Alaska Permanent Fund Corp
http://www.apfc.org/home/Content/aboutFund/aboutPermFund.cfm

I lived in Alaska. I collected from the Fund. I worked on pipeline and North Slope Oil Field facilities.

10 posted on 06/19/2012 6:00:00 AM PDT by thackney (life is fragile, handle with prayer)
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To: momincombatboots

I think it is more accurate to say “environmentalists” be d*mned. The actual environment will be just fine.


11 posted on 06/19/2012 6:02:22 AM PDT by jdsteel (Give me freedom, not more government.)
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To: momincombatboots

Yep, this is buffet’s payoff. He makes big money by rail transport of the oil rather than pumping it by way of the pipeline.

He’s another of our our own homegrown oligarchs who will command our economy and eat steak while the rest of us queue up at the bare shelves of the government food store.

Rich democrats know better than the rest of us.

FUBO & FAD


12 posted on 06/19/2012 6:44:49 AM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: thackney

Regardless of the amount... it is still the best model in existence to push any pipeline. Even if it were 100 dollars per citizen, that causes folks to be vested in it. I was probably adding my husbands and mine together since they went into the same IRA. Then the two kids... so that was what.. close to six thousand dollars? Now who will stand up and present it to their state like that? Would also work for ANWAR, but I think the politics of Alaska have changed.


13 posted on 06/19/2012 6:50:28 AM PDT by momincombatboots (Back to West by G-d Virginia. 2016 starts today!)
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To: thackney

Have you run across any reliable numbers on what the rail freight bill is from ND to the Gulf Coast?


14 posted on 06/19/2012 6:50:48 AM PDT by Presbyterian Reporter
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To: momincombatboots
Regardless of the amount... it is still the best model in existence to push any pipeline.

I think you need to read my posts again. The amount via the pipeline is ZERO. You are confusing the ownership of the oil with the movement of the oil. That is why Keystone XL does not compare to the "Alaska Model".

Would also work for ANWAR, but I think the politics of Alaska have changed.

Since ANWR mineral rights are owned by the federal government, not the state of Alaska, I don't see how they compare.

15 posted on 06/19/2012 6:56:16 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

I am admittedly an idiot. Thanks for confirming.


16 posted on 06/19/2012 6:58:50 AM PDT by momincombatboots (Back to West by G-d Virginia. 2016 starts today!)
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To: momincombatboots

No problems.

Cheers


17 posted on 06/19/2012 7:29:50 AM PDT by thackney (life is fragile, handle with prayer)
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To: Presbyterian Reporter

My number is not reliable, but seems as though I sort of remember seeing about $6 per bl. to the east.


18 posted on 06/19/2012 10:51:06 AM PDT by Western Phil
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