Re: Hess Mess
in response to
by
posted on
Mar 15, 2013 12:08AM
Developing large acreage positions of unconventional and conventional oil and gas resources
>seen where many people have said that they have botched the Bakken shale deposit and they were there early.
Really?
Crude loves rocking rail - EOG, Hess and Inergy terminals in the Bakken
Hess
.
Hess Corp. is the largest gas producer and the third-largest oil producer in North Dakota. They opened the Tioga Rail Terminal (TRT) in Williams County, ND on the BNSF north segment rail line during November 2011. Hess also has a large gas processing plant at Tioga. The TRT is operated by Watco Services for Hess and is able to handle unit trains with 104 cars using a 21 station loading rack. The facility can load ~70 MBbl onto each train and handle up to two unit trains per day. The TRT is fed by a Hess pipeline gathering system as well as a truck offloading facility that can move approximately 1000 trucks a week. The TRT facility has 180 MBbl of storage as well as an oil stabilization facility to condition oil before loading onto rail cars. Hess owns a fleet of 9 train sets (104 * 9 = 936 rail tank cars). In addition to rail takeaway capacity, Hess can also deliver to the Tesoro High Plains pipeline that feeds the local Tesoro Mandan refinery (80 Mb/d).
Hess ships their own production – the company reported volumes in the final quarter of 2012 above 60 Mb/d of oil equivalent. Hess is transitioning away from the downstream oil refining business having recently announced the closure of its Port Reading, NJ refinery. Company presentation materials suggest that Hess is shipping Bakken crude to St. James, LA (direct on BNSF) and also to the Sunoco Logistics Eagle Point terminal at Camden, NJ that was previously the site of Sunoco’s shuttered Eagle Point Refinery. The Eagle Point terminal is on the Delaware River providing waterborne access to US East Coast refineries.