Petroleum Council Releases Independent Study Results - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Petroleum Council Releases Independent Study Results

Posted: Updated:

Bakken crude oil has gained a lot of press after being involved in several rail accidents. These incidents caused the North Dakota Petroleum Council, one of the sponsors of the Williston Basin Petroleum Conference, to hire an independent study. Today, the council released their preliminary findings.

Bakken crude is the heart of this conference, and it's qualities have been hotly debated. Today, the Petroleum Council released an independent study that states North Dakota's Bakken crude presents no greater risks than other flammable liquids, that are shipped by rail.

The study took more than 150 samples, and the data shows the crude falls within the Department of Transportation's requirements to be shipped in the DOT 111 cars. The results also are the first step in creating a benchmark for Baken crude, like WTI and Brent. Industry leaders say this would create an accurate price for producers and buyers of the crude.

"We found no surprises. There is nothing that is outlying in the Bakken material that doesn't fit in the 49 CFR," says Kari Cutting of the North Dakota Petroleum Council.

"The first step in what we were mainly talking about is to get the quality set. Then we can ship a load of crude oil from the Williston Basin and it has the BKN stamp on it. The person at the other end knows what they're getting," says Jeff Hume of Continental Resources.

Both Jeff Hume and Kari Cutting said the study also shows that one of the DOT tests to determine what packing group the crude oil is shipped in can provide different results.

  • Latest NewsMore>>

  • Highway Patrol Reports Reckless Driving Incident

    Highway Patrol Reports Reckless Driving Incident

    Thursday, July 24 2014 12:50 PM EDT2014-07-24 16:50:47 GMT
    The Highway Patrol reported a group of men were issued citations for multiple charges after a reckless driving incident last night.
    The Highway Patrol reported a group of men were issued citations for multiple charges after a reckless driving incident last night.
  • Man Dies in Fatal DUI Crash

    Man Dies in Fatal DUI Crash

    Thursday, July 24 2014 12:32 PM EDT2014-07-24 16:32:35 GMT
    A 29-year-old man is dead after a fatal accident in Williams County early yesterday morning.
    A 29-year-old man is dead after a fatal accident in Williams County early yesterday morning.
  • On the Farm: The State Fair

    On the Farm: The State Fair

    Thursday, July 24 2014 11:26 AM EDT2014-07-24 15:26:55 GMT
    North Dakota's first fair was held in Minot in 1922 and was organized by the Northwest Agricultural Livestock and Fair Association. Ninety-two years later, the fair has grown and evolved, but it still holds true to its agricultural roots.
    North Dakota's first fair was held in Minot in 1922 and was organized by the Northwest Agricultural Livestock and Fair Association. Ninety-two years later, the fair has grown and evolved, but it still holds true to its agricultural roots.

Most Popular

Stories
Videos
loading...
  • TOOLBOX

  • Special Feature HomeSpecial FeaturesMore>>

  • Presidential Visit

    Presidential Visit

    Ongoing coverage of President Obama's visit to North Dakota.
    Ongoing coverage of President Obama's visit to North Dakota.
  • Ask An Attorney

    Ask An Attorney

    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
  • Mobile Apps

    Mobile Apps

    We have the best Mobile Apps.  Learn how you can download yours today.
  • Me-TV North Dakota

    Me-TV North Dakota

    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.
    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.  Me-TV North Dakota will also play a replay on the Evening and Night Report at 11:30pm Monday-Friday.  As well as, local news and weather updates throughout the day.
  • On the Farm

    On the Farm

    CLICK HERE TO GO TO THE ON THE FARM PAGE!
    CLICK HERE TO GO TO THE ON THE FARM PAGE!
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KFYR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.