Tue, Sep 30, 2014, 6:28 AM EDT - U.S. Markets open in 3 hrs 2 mins

Recent

% | $
Quotes you view appear here for quick access.

Linn Energy, LLC (LINE) Message Board

  • sandonthebeach47 sandonthebeach47 Jan 20, 2013 6:45 PM Flag

    Williston Basin OIL takeaway

    Some ND State data that is very interesting.

    Please notice the projected RR & Pipeline takeaways. RR takeaway seems to levle off while pipelines continue to expand.

    The info can be found at the ND Pipeline Authority webpage....and is much more detailed with the capacity and expansions for each pipeline.

    Pipeline takeaway for OIL in Bbls/day for The Williston Basin

    2012.....463,000
    2013.....658,000
    2014.....918,000
    2015.....1,018,000
    2016.....1,243,000

    And,

    Railroad takeaway for OIL in Bbls/day for The Williston Basin

    2008.....30,000
    2009.....95,000
    2010....115,000
    2011.....275,000
    2012.....730,000
    2013.....880,000
    2014.....880,000
    2015.....880,000
    2016.....880,000

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • OK I just can't stand it. You are a complete idiot.

      What was the total daily production? Around 750,000 BPD?

      How can you have both 2012 numbers for pipelines (463,000) and rail (730,000) add up to 60% more than the total?

      And there's this from Bloomberg last week:
      Enbridge Inc. (ENB)’s North Dakota pipeline system has been underused for the past three months as railroads move more oil out of the Bakken shale play, a refining company told U.S. regulators.
      Enbridge’s plans to expand its pipeline network out of the Bakken won’t stop railroads from taking business, Flint Hills Resources LLC, a unit of Koch Industries Inc., said in a filing with the Federal Energy Regulatory Commission.

      “This trend is not temporary,” Flint Hills said. “Rail transportation is becoming more competitive and will continue to take barrels away from the Enbridge North Dakota system.”

      Railways have emerged as a competitor to pipelines as production from shale fields has grown faster than pipeline space. While rail is typically more expensive than pipelines, railcars can reach markets that pipelines don’t, yielding higher prices for producers.

      And even this from last September:

      In September, Burlington Northern announced it had increased its capacity to haul Bakken crude to 1 million barrels/day. That's saying something considering total North Dakota oil production in August amounted to just over 700,000 barrels/day. BNSF has announced that it would spend $1.1 billion on locomotives, freight cars and related equipment to boost its crude-shipping capability from the Bakken. The company is developing over 35 facilities for unloading crude oil from trains in several states.

      Your favorite new website is of course going to promote pipelines - duh! Too bad their numbers are reversed. And you believe everything they say, even when I pointed out some time ago the information was outdated. How completely narrow minded can you get?

      • 4 Replies to rlp2451
      • It is hard to believe that you asked this seriously:

        "OK I just can't stand it. You are a complete idiot.
        What was the total daily production? Around 750,000 BPD?

        How can you have both 2012 numbers for pipelines (463,000) and rail (730,000) add up to 60% more than the total?"

        So, if you are serious then you should ask someone who is willing to explain it or maybe just read the ND director's cut (comments section) and you will probably be able to figure it out.

      • I do understand why you cannot stand it.

        Pipe cost around $1 and train $10 to $15 a barrel.It is a price driver not a cost driver. It requires large price discount which are narrowing already with the expansion of Seaway.

        Obama will not open the XL as he should. But it will eventually open.

        ND and oil production around these areas is not declining as you claimed but continuing to expand dramatically. But thanks to Obama not at the rate free market economics would mandate.

        “This trend is not temporary,” Flint Hills said. “Rail transportation is becoming more competitive and will continue to take barrels away from the Enbridge North Dakota system."

        So you took the word of a spinner who claimed rail is getting more competitive. NO IT IS NOT. Rail is dependent on discounts which the free market is working to close. Not competition but interim step.

        Check ETP plans to switch gas lines which are no longer need to supply oil to the NE refineries. The Canadians are also looking at flipping existing natural gas lines to oil.

        Very very foolish RLP'd. No one is responsible except you and your very small troop.

      • Of course they are idiots rlp.

        Norris is a political crackpot and sand is his homeboy. Norris is the more volatile of the two however, resorting to twisting and manipulative lies when he has no rationale answer.

        I do have to ask at times, how sand can stomach havin such a nutjob homeboy. I think it is a sort of symbiotic relationship...but is puzzling.

        Valuation? Oh please norris..come up with something better...you really are grasping at straws aren't you. Looks like you are upset after getting your ears pinned back again...

      • It is you who are the idiot......and you really are a big one.

        And, you would already know the answer if you actually read the director's cut instead of only cut and pasted the parts that you like.....the answer is there....go read one...any one you like.

    • Who cares? Really? What a waste of time....

 
LINE
30.29+0.48(+1.61%)Sep 29 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
The Kroger Co.
NYSEMon, Sep 29, 2014 4:02 PM EDT
Cyber-Ark Software Ltd.
NasdaqGSMon, Sep 29, 2014 4:00 PM EDT