Post Tagged with: "Bakken export grade"

A Boost for the Bakken

A Boost for the Bakken

Demand for Bakken oil: Bakken appears to be emerging as a new export grade of crude In a webinar hosted by Argus Media this week, Argus VP Jeff Kralowetz said something interesting with respect to his company’s analysis of the various crude oil grades and exports coming out of the U.S.–Bakken oil in particular. “We’ve seen pretty dramatic growth in the production of light-type oil from shale reserves, particularly in West Texas Permian, South Texas Eagle Ford and North Dakota’s Bakken formation. More liquid markets are going to be attractive to the folks who come into the Gulf Coast to buy on an F.O.B. basis,” Kralowetz said. “The industry is spending billions of dollars to connect the new shale crude production to takeaway lines and [pipelines] to the coast. Probably the most well-known bit of infrastructure added this year was the Dakota Access pipeline—DAPL—which takes crude from North Dakota to[Read More…]