mid-continent

Refineries run by Sunoco Inc. in Pennsylvania and PBF Holdings in New Jersey and Delaware have little access to the oil being produced in the so-called mid-continent area, where shale formations like the Bakken in North Dakota and the Eagle Ford in south Texas have led to lower prices amid a supply glut in the oil storage hub of Cushing, Okla.

Producers, Refiners Sniff Opportunity in Rust Belt Oil Shale Ryan Dezember 2011

Oil exports from Western Canada are essentially limited to the so-called mid-continent market - the Great Lakes and Great Plains regions - which has limited refining capacity to absorb growing production from the oil sands and from North Dakota's prolific Bakken field.

The Globe and Mail - Home RSS feed SHAWN McCARTHY 2012

DCP Midstream Partners LLC is also expanding its natural-gas liquids business, building two pipelines with a combined capacity of 350,000 barrels a day from the mid-continent and Texas to the Gulf Coast.

Shale's Bounty Goes Beyond Oil and Gas Ben Lefebvre 2011

The biggest losers in the U.S. shale boom could be in western Canada, where shipments of natural gas to the U.S. Pacific Northwest should drop as more mid-continent gas moves west instead of east.

Pipeline Reversal Seen Resulting in a Single Price for Natural Gas Ben Lefebvre 2011

Seaway had been built to carry imported oil to the mid-continent.

Year in Deals: Patents and Pipelines Ryan Dezember 2011

That includes a 280,000 barrel-a-day pipeline joint venture with Anadarko Petroleum Corp. and Enbridge Energy Partners LP and a wholly owned 125,000-barrel-a-day pipeline, both of which will transport natural-gas liquids from the shale formations in the Northeast and mid-continent areas to the U.S. Gulf Coast, where the bulk of the petrochemical companies are located.

Shale's Bounty Goes Beyond Oil and Gas Ben Lefebvre 2011

Those crudes include the domestic crude-oil production increases in Texas and the mid-continent including the Barnett, Eagle Ford, and Bakken shale areas, as well as the growing crude supplies in the Cushing, Okla., area, the company said.

Shell Considers Reversal of Houma-to-Houston Pipeline System Isabel Ordóñez 2011

"The Utica guys will get a better price than sending it to Cushing, the northeast refiners get crude cheaper than Brent, and then the guys in the mid-continent will have fewer barrels to compete against," Mr. Wojiechowski said.

Producers, Refiners Sniff Opportunity in Rust Belt Oil Shale Ryan Dezember 2011

Mr. Creel said Conoco needed certain types of crude in Cushing that could be processed by its refineries and "they probably liked the low prices for crude in the mid-continent."

Oil Pipeline Sale Pushes Up Prices Russell Gold 2011

Instead, East Coast refiners often have to pay prices based on Brent, which has cost as much as $24 a barrel more than mid-continent benchmark West Texas Intermediate.

Producers, Refiners Sniff Opportunity in Rust Belt Oil Shale Ryan Dezember 2011