DOT Draft Rule on Crude Oil Railcars Could Derail Shale Boom

DENVER, COLORADO--October 9, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--If enacted as drafted, the U.S. Department of Transportation's proposed rule on crude oil railcar safety will cost billions of dollars to implement and will have a significant, negative impact on crude-by-rail, particularly in the Bakken and Three Forks formations in North Dakota, a railcar logistics expert told an oil and gas conference here last week. Within this article: The possible financial impact of the U.S. Department of Transportation's proposed railcar safety requirements on oil producers in the Bakken and Three Forks formations of North Dakota.