The Bakken Magazines reports that The Meridian Energy Group has summer
of 2016 plans to break ground on a 55,000-gallon capacity refinery near
Belfield, North Dakota. Belfield is located in the BakkenShale oil field
region, which according to the
Oil & Gas Financial Journal straddles the US border with Canada and runs through two states –
North Dakota and Montana – and two Canadian provinces – Saskatchewan
and Manitoba. It is estimated to house 3.65 billion barrels oil recoverable
An online PDF entitled
Understanding the Crude Oil and Market Products, published by the American Petroleum Institute, explains that after finding,
extracting and transporting crude oil, refining it into a marketable product
it is the next step.
The Bakken Magazine reports that currently less than 5% of crude oil produced in the Bakken
Oil Field is refined in the region, and it costs North Dakota revenue
and tax dollars to ship the raw crude out for refining and the finished
product back to the area for sales.
In addition to the financial costs of shipping crude out for refining,
FOX News reports that the popular crude-by-rail mode of transportation has raised
safety alerts from the U.S Department of Transportation, due to a string
of accidents that resulted from increased usage of the rail system in
the shipping of crude oil.
The Bakken Magazine reports that Meridian believes that low oil prices
will usher in and “golden age” for refineries, and it seems
the addition of jobs and the increase in safety related to transportation
of the crude oil are additional values provide by this new addition to
the Bakken region.
If you need advice regarding your rights, or are concerned about your safety
while working in this region
contact us for more information. One of our experienced attorneys will be happy to