16th annual freight and logistics symposium : the new american energy revolution, a summary report.
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2012-12-01
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NTL Classification:NTL-FREIGHT-FREIGHT;NTL-ENERGY AND ENVIRONMENT-ENERGY AND ENVIRONMENT;
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Abstract:Horizontal drilling and hydraulic fracturing, or fracking, techniques have transformed
shale deposits from marginal sources of hydrocarbon fuel into “global game changers”
in the production of oil and natural gas, Robert Henry said—and the transformation
is having a seismic impact on rail transport.
The Bakken shale formation is one of the largest contiguous deposits of oil and
natural gas in North America, occupying an area of about 200,000 square miles in
parts of northwestern North Dakota, northeastern Montana, and southern Canada.
Since 2008, when the use of modern fracking really took off, the Bakken formation
has become one of the most active shale oil fields in the United States. Currently more
than 7,500 active wells produce nearly 730,000 barrels of oil per day. At this rate,
North Dakota—which earlier in 2012 surpassed Alaska and California in oil production—
will soon overtake Texas for the number one spot, Henry said.
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