Post on 10-Jul-2020
July 7, 2020
Justin J. KringstadGeological Engineer
Director
North Dakota Pipeline Authority
Industrial Commission Update
Williston Basin Oil Production & Export Capacity, BOPD
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NDPA Production Forecast and Rail Transportation
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NDPA Base Case Oil Production Forecast (Green)
Pipeline Capacity Shortfall (Grey):
“Need” to Rail
Rail History (Red):
Exceeds “Need” - Delta Considered “Elective/Market Driven”
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Snapshot from
DAPL Tariff
Slide Source: SEC.GOV - 2014
Look at Key Rail Rates
Additional Rail Related
Expense Considerations:
• Loading
• Unloading
• Car Leasing
• Unit vs Manifest
• Volume Commitments
Note: 2014 Slide
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North Dakota Crude Oil Rail Loading Facilities In ServiceNorth Dakota Pipeline Authority – July 2020
Estimated Williston Basin Oil Transportation
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Estimated ND Rail Export Volumes
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Rail Destinations Market Share (April 2020)
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Data for Rail Destination Market Share Provided by the US Energy Information Administration
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Major Rail Lines and Refineries
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$26.28
$19.41
$15.72
$16.10
$23.40
EIA April 2020
Refiner Acquisition Cost
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Cushing
$40.61
Brent $43.16
WTI + $2.55
Crude Oil Prices – July 7, 2020
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Pricing Data:
Bloomberg &
CME (LLS-Argus)
LLS (Argus)
WTI + $1.45
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Justin J. Kringstad, DirectorNorth Dakota Pipeline Authority
600 E. Boulevard Ave. Dept. 405Bismarck, ND 58505-0840
Phone: (701)220-6227Fax: (701)328-2820
E-mail: jjkringstad@ndpipelines.com
Websites: www.pipeline.nd.gov
www.northdakotapipelines.com
Contact Information
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