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You are here: Home / News / Alberta / Train car demand

Train car demand

August 11, 2014 by Rob Hislop Leave a Comment

While environmentalists and others are battling new pipelines around North America – the amount of train  traffic  hauling Alberta crude is on the rise.

This may become more of a permanent fixture. An indication of this. One company, Cenovus, has appointed its first ever vice-president of rail operations.

Courtesy: Oil Change International

Courtesy: Oil Change International

So far the Calgary-based company has shipped eight train loads of bitumen. For the curious – the trains pull up to 100 car and transport as much as 60-thousand barrels at a time.

The trains comprise up to 105 railcars that carry as much as 60,000 barrels of oil at a time.

Oil sands producer MEG Energy Corp. train shipments helped boost the companies returns by more than two dollars a barrel.

Despite that pipelines are still the cheaper way to transport the product.

Right now – according to the Canadian Association of Petroleum Producers there are currently 200-thousand barrels being shipped by rail per day – within two years that could jump to 700-thousand.

(Source: Financial Post)

Filed Under: Alberta, Canada, News Tagged With: Alberta, barrels, bitumen, Calgary-based company, Canadian Association of Petroleum Producers, Cenovus, crude, MEG Energy Corp, oil sands, pipelines, train shipments

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