BNSF Railway has increased capacity to enable the railroad to haul up to one million barrels per day out of the Williston Basin in North Dakota and Montana.
The increased capacity will allow the energy industry to continue the boom in oil production in the Williston Basin.
John Lanigan, BNSF executive vice president and chief marketing officer, said: “Historically, oil and gas producers have used pipelines to transport crude from production to refineries and ultimately on to end users.
“Because this shale development growth came about so quickly, there has been a shortage of pipeline capacity to deliver production from new unconventional sources to coastal refiners. BNSF has responded quickly to enable producers to move crude to the most attractive markets and secure the best prices.”
“BNSF has been hauling Bakken crude out of the Williston Basin area for over five years. In that time, we have seen the volume increase nearly 7,000 per cent, from 1.3 million barrels in 2008 to 88.9 million in 2012,” said Dave Garin, BNSF group vice president, industrial products.
