Here are the top five stories from Bakken.com for the week of May 16th through May 22nd. Enjoy!
5. How do you lose 100 million barrels of oil? Kemp
LONDON – Oil-market watchers are struggling to reconcile the large estimated oversupply in the market with the much smaller buildup of reported inventories and narrowing contango in futures prices.
Some blame the barrel counters who compile official statistics on supply, demand and stocks. But the truth is that information on the world oil market is incomplete and it is easy for hundreds of millions of barrels of oil to disappear from the supply chain without being counted.
According to the three main statistical agencies, the global market has been oversupplied by between 1.5 million and 2.5 million barrels per day (bpd) since the start of the year. To read the full article, click here.
4. Enbridge: Bakken pipeline to be completed by 2017
Enbridge may soon double the amount of oil it exports from North Dakota once the Sandpiper Pipeline comes online, reports KX News.
Preliminary construction of the 600-mile pipeline will begin in North Dakota this summer with more than 3,000 people working on the project. The current timeline for completion projects the line will begin moving 225-thousand barrels of oil per day in 2017.
The new pipeline will expand upon Enbridge’s current Bakken pipeline network and will create a new route, carrying more than double the company’s current transportation capacity. As reported by KX News, Enbridge North Dakota Director of Operations Bob Steede said, “The sandpiper pipeline starts in the Tioga, North Dakota, area, roughly follows … our existing pipeline network, comes to Clearbrook, Minnesota, and then works its way to Superior, Wisconsin.” To read the full article, click here.
3. ND approves two Bakken pipeline projects
Two pipeline projects have been approved by the North Dakota Public Service Commission after the company involved assured that leak detection will be enhanced.
Following a large saltwater spill, Meadowlark Midstream told state officials that the company would improve leak detection in its transport systems. State commissioners granted approval to a 46-mile crude oil pipeline in Divide and Burke counties as well as the conversion and extension of an existing 10-mile pipeline in Williams County, reports the Forum News Service.
The 46-mile pipeline will carry crude oil produced in the Fortuna area to the Basin Transload Facility located outside Columbus. The transmission line is capable of carrying up to 25,000 barrels per day and could eventually haul 50,000 barrels per day. The smaller project in Williams County will add four miles of new pipeline to an existing gathering line which will transport crude oil from a station in Epping to the Little Muddy Creek Station. To read the full article, click here.
2. 9 oil well deaths lead to warning about inhaling chemicals
DENVER — Federal officials are warning about the dangers of inhaling chemicals at oil wells following the deaths of nine workers over the last five years.
All of the deaths involved workers at crude production tanks. Colorado and North Dakota each had three deaths and Texas, Oklahoma and Montana each had one death. To read the full article, click here.
1. “Oil To Die For” explores the Bakken, the deadliest workplace in America (Video)
While working the night shift at a North Dakota oil well site, a 21-year-old Montana man climbed to the top of an oil storage tank to check its levels. Upon opening the hatch Dustin Bergsing was inundated by toxic fumes and, according to North Dakota state forensic examiners, died from the inhalation of petroleum vapors.
The story has become tragically commonplace since the beginning of the shale revolution in western North Dakota. Since 2008, over 50 men have died at North Dakota oilfield sites. Todd Melby, a reporter, interactive producer and filmmaker best known for “Black Gold Boom,” a public media project examining North Dakota’s oil activity, began covering events in the oil patch in 2012. To read the full article, click here.