Platts, an energy news and price publisher, began offering value assessments of Bakken crude nearest the wellhead. The service captures the value of Bakken crude at the point where there is transportation flexibility either by rail, or rail/pipeline, providing industry with greater intelligence before the decision is made on using truck, rail and/or pipeline to deliver the crude to customers. Founder of BakkenShale.com and industry veteran Kenny DuBose, commented, “It is important to attempt to establish pricing points as close to the wellhead as possible, in order to separate and distinguish between the commodity value and any transportation expenses.” Since 2012, Bakken crude transport by rail has grown significantly, to where nearly 70% of all crude produced is transported to the refining markets by rail. In a written statement, Sharmilpar Kaur with Platts, alluded that the growth of […]