BNSF Increases Bakken Oil Capacity to One Million Barrels Per Day

| 9/4/2012

BNSF announced today that they will be increasing their capacity for transporting oil from the Bakken region to one million barrels per day. The railroad says this will allow for expansion in the area to continue and will also benefit their other customers, including agriculture companies.

"Historically, oil and gas producers have used pipelines to transport crude from production to refineries and ultimately on to end users," said John Lanigan, BNSF executive vice president and chief marketing officer. "Because this shale development growth came about so quickly, there has been a shortage of pipeline capacity to deliver production from new unconventional sources to coastal refiners. BNSF has responded quickly to enable producers to move crude to the most attractive markets and secure the best prices."

According to BNSF, oil volume has increased from 1.3 million barrels in 2008 to 88.9 million in 2012.

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