Bakken Product Markets & Takeaway Capacity Congress 2014
Organization: American Business Conferences
Venue: The Ritz-Carlton, Denver
|Event Date/Time: Jan 29, 2014 / 8:30 am - (MST)||End Date/Time: Jan 30, 2014 / 5:30 pm - (MST)|
Just a year ago, it was practically a no brainer to rail Bakken crude to the higher paying Gulf Coast markets, but the recent collapse of the WTI and Brent price differentials has left the industry questioning the long term sustainability of rail.
To gain clarity on the future viability of rail, existing and new rail and pipeline markets need to be examined side by side, in light of accessibility and transportation costs, to enable E&P operators to optimize routes to market and determine whether moving crude barrels by rail or pipe will yield the highest netback.
Additionally, with increasing regulatory pressure on Bakken operators to minimize flaring, solutions for gas gathering, processing and takeaway infrastructure are needed now more than ever. Bakken players are currently losing too much revenue as a result of flaring, making it essential for producers to ensure pipeline connectivity, capitalize on Gas and NGL production and ultimately, improve overall well economics in light of fluctuating market prices.