December 2014 Monthly Update - ND Pipeline Authority · 2014-12-12 · December 2014 Monthly Update...

Preview:

Citation preview

December 2014 Monthly Update North Dakota Pipeline Authority

Justin J. Kringstad December 12, 2014 - Bismarck, ND

US Williston Basin Oil Production - 2014

2

2 JJ Kringstad - North Dakota Pipeline Authority 2

October 2014

Estimated Williston Basin Oil Transportation

3

3 JJ Kringstad - North Dakota Pipeline Authority 3

Estimated Williston Basin Oil Transportation

4

4 JJ Kringstad - North Dakota Pipeline Authority 4

Estimated ND Rail Export Volumes

5 JJ Kringstad - North Dakota Pipeline Authority 5

Cushing $57.99

Brent $62.05 WTI + $4.06

Crude Oil Prices – Dec. 12, 2014

6 JJ Kringstad - North Dakota Pipeline Authority

Simple Terms Blue – Lack of pipelines Orange – Challenges on existing infrastructure

GREEN – % of gas captured and sold Blue – % flared from zero sales wells Orange – % flared from wells with at least one mcf sold.

Oct 2014 Data – Non-Confidential Wells Statewide

Solving the Flaring Challenge

7 JJ Kringstad - North Dakota Pipeline Authority

Capturing the 7% Faster Well Connections

8 8 JJ Kringstad - North Dakota Pipeline Authority

Justin J. Kringstad, Director North Dakota Pipeline Authority

600 E. Boulevard Ave. Dept. 405 Bismarck, ND 58505-0840

Phone: (701)220-6227

Fax: (701)328-2820 E-mail: jjkringstad@ndpipelines.com

Websites:

www.pipeline.nd.gov www.northdakotapipelines.com

9 JJ Kringstad - North Dakota Pipeline Authority

Contact Information

9

Recommended