Williston rail volumes lowest since August 2013
The North Dakota Pipeline Authority reported that the basin produced about 1.29mn bl of crude in June, keeping up a trend of production in a tight band since September. But rail's share slipped to 47pc, its lowest since first crossing the 50pc mark in September 2012.
A combination of reduced drilling and completions in the Bakken and Three Forks formations and a growing preference for expanded pipeline capacity has hit the crude-by-rail business. Pipeline shipments accounted for 46pc of Williston basin oil movements in June, with Tesoro's 68,000 b/d refinery at Mandan taking 6pc and trucks moving 1pc out of the region.
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