Home | Open Account | Help | 226 users online |
Member Login
Discussion
Media SharingHostingLibrarySite Info |
Western Railroad Discussion > Monaco of ENB on the rails and crudeDate: 12/10/12 15:38 Monaco of ENB on the rails and crude Author: rehunn CEO Monaco of Enbridge was just on Mad Money discussing the role of the
railroads in crude movement, "Interim solution, pipelines will be needed to address the transport cost issues". He went on to say that they've earmarked 1.5B for early pipeline expenditures for next year, touted the future of the Bakken as long term. Get those crude train pictures while they run. Date: 12/10/12 18:47 Re: Monaco of ENB on the rails and crude Author: bradleymckay rehunn Wrote:
------------------------------------------------------- > CEO Monaco of Enbridge was just on Mad Money > discussing the role of the > railroads in crude movement, "Interim solution, > pipelines will be needed > to address the transport cost issues". He went on > to say that they've > earmarked 1.5B for early pipeline expenditures for > next year, touted the > future of the Bakken as long term. Get those crude > train pictures while > they run. They are a pipeline company. That's what I would expect him to say. But what he say's and what actually happens are two different things because it's not as easy as it used to be to build a pipeline (unless you're in Texas or Louisiana). Allen Date: 12/10/12 20:18 Re: Monaco of ENB on the rails and crude Author: 2ebright Here is another take on the future of crude oil trains from North Dakota.
"Does the collapse of a major Bakken oil pipeline project—Oneok’s 200,000 b/d line to Cushing, Oklahoma—threaten drilling in one of America’s hottest shale plays? In early 2011, a Wall Street analyst projected Williston Basin crude output at 1.2 million b/d by 2015, with a takeaway capacity shortfall by 2Q 2015. North Dakota then pegged Williston output at 800,000 b/d and Williston takeaway capacity at 960,000 b/d by 2015. At the time, The Unconventional Drilling Report concluded that rail would bridge the gap. Williston production—nearly all Bakken—already reached 773,000 b/d this past September. Rail’s market share of Williston takeaway capacity fell from one-third to one fourth in 2011, then rebounded to 51% by September 2012. Rail is handily bridging the gap, and that alone probably doomed the project, as Oneok could not secure enough producer commitments. But perhaps the larger Bakken takeaway dilemma is the lack of gas infrastructure, which keeps flaring above 30%. Proposed new air emissions rules could collide with such high flaring levels, which might hobble drilling long before the Bakken runs out of trucks and rail cars." Rig Data Report Dec 7, 2012 Date: 12/10/12 20:41 Re: Monaco of ENB on the rails and crude Author: thehighwayman bradleymckay Wrote:
------------------------------------------------------- > > They are a pipeline company. That's what I would > expect him to say. But what he say's and what > actually happens are two different things because > it's not as easy as it used to be to build a > pipeline (unless you're in Texas or Louisiana). > And Enbridge has been getting a lot of flak here in Canada for the way they operate ... too many problems happening. Will MacKenzie Dundas, ON |