Oil from Bakken to be shipped by rail instead of Keystone XL Pipeline


GLOBE-Net, December 14,2013

Continental Resources, one of the companies that had committed to ship crude on TransCanada Corp’s proposed Keystone XL pipeline, now says they will ship their Bakken oil by rail instead.

Continental had previously signed on to ship some 35,000 barrels of its own oil from the Bakken field of North Dakota on the 1,179-mile, $5.4-billion Keystone XL line.

Construction of the pipeline has been delayed for years as TransCanada has sought regulatory approvals, and Continental has since turned to railroads to get its crude to oil refineries.

Harold Hamm, chief executive of Continental Resources, told Reuters that his company and the U.S. oil industry in general are no longer counting on Keystone XL.

Read full story here on Reuters

See Globe and Mail investigation article, The deadly secret behind the Lac-Mégantic inferno here


GLOBE 2014-SmallThe Changing Energy Landscape will be a major issue discussed at GLOBE 2014 taking place March 26-28, 2014 in Vancouver Canada, where practical solutions and innovative emission-reducing technologies will be on display. Check here for more information. 


About the Author

Related Posts

Leave a Reply