|By Marketwired .||
|August 21, 2013 06:00 AM EDT||
BISMARCK, ND -- (Marketwired) -- 08/21/13 -- Exciting new production techniques have turned the Bakken Shale play into an energy success story, where crude production surged from 274,000 barrels per day in January 2011 to 673,000 in January 2013. Pipelines are full to capacity as they transport Bakken crude to refineries across the country. Crude-by-rail traffic has gone through the roof, particularly in the East Coast, as those refiners embrace the significant cost differences between lower-priced domestic inland oil from the Bakken and higher-priced imported crude.
However, challenges still remain: pipeline infrastructure to deliver crude to market has not been built quickly enough to keep up with growing production; congested pipelines; inability to reach the highest price markets for inland crudes; and inadequate rail capacity to keep pace with a dramatic increase in the transportation of crude by rail, leading to an 18-month backlog of 40,000 railcars on order.
These bottlenecks are obstacles for producers, but offer a multitude of opportunities for infrastructure developers. Infocast's 4th Annual Bakken Infrastructure Finance & Development Week 2013, to be held on September 9-11, 2013, at the Bismarck Civic Center in Bismarck, ND, will bring all the players in the well-to-refinery production and transportation chains together in one forum to discuss how they can overcome these obstacles and take advantage of the income potential presented by the Bakken oil boom.
For the first time, Infocast is bringing this grand, three-day event to Bismarck, the heart of the action. Previous summits have been highly successful, gathering more than 400 attendees from the leading players in the industry and local communities. This year's summit will feature keynote presentations from North Dakota's Congressman Kevin Cramer (R) and Lieutenant Governor Drew Wrigley (R). Other notable speakers include Kelly S. Wilkins, Manager of Strategic Planning and Business Development at Enbridge Pipelines of North Dakota; Chester Trabucco, Chairman & Chief Executive Officer at Dakota Oil Processing; Tom Semiklose, Vice President of Sales at Safe Rack LLC; Robert Pickel, Senior Vice President for Marketing & Sales at National Steel Car; Derek Gipson, Executive Vice President & Chief Financial Officer at Hiland Partners; Michael Lutz, Vice President of Midstream Development at Hess Corporation; Rodney W. Wren, President at New Frontier Midstream LLC; and Dean Purcelli, Strategic Marketing Advisor at Encana Natural Gas.
The Bakken Infrastructure Finance & Development Summit is the established business hub for shale boom infrastructure expansion in the Williston Basin. It will feature the Executive Briefing, "Community Infrastructure Development," on Monday, September 9, 2013, which will bring together all the stakeholders to strategize on planning, developing and investing in residential, commercial and industrial real estate, healthcare, water, wastewater and other supporting infrastructure. It will be followed by the Summit on September 10-11, 2013, which will provide a venue for E&P and field service companies, railroads and rail asset providers, terminal and transportation providers, midstream infrastructure providers and capital providers to network and establish mutually beneficial relationships.
Special Early Bird Rate ended Friday, August 9, 2013. For more information, to REGISTER for the Summit, or to join us as a Sponsor, please visit the event website at www.infocastinc.com/bakken13 or contact Event Producer Tim Parsons at 818-888-4444 x 38.
For over 25 years, Infocast has produced the highest-quality events, tailored to the needs of the industries we serve. We intensively research the marketplace, pulling from an extensive network of experts to give you the information and connections to succeed. For more information, please visit us at www.infocastinc.com.