Oil-By-Rail Refiners Say Regulators Will Have Data By End Of May
U.S. regulators seeking data from refiners in the effort to gauge the volatility of North Dakota Bakken crude being shipped by rail will have the information by the end of May, according to the industry's trade group.
Seventeen companies have anonymously submitted data from more than 1,000 samples to an undisclosed third-party auditor hired by the American Fuel and Petrochemicals Manufacturers (AFPM), the U.S. independent refining industry's trade group, the group's general counsel, Rich Moskowitz, said on Friday.
A technical consultant is compiling the information into a report to be submitted to the U.S. Department of Transportation by month's end, Moskowitz said. It will be submitted without companies identifying themselves because they consider the data proprietary.
A spate of fiery crude train crashes has prompted regulators to examine oil-by-rail safety. Earlier this year DOT's Pipeline and Hazardous Materials Safety Administration (PHMSA) called for Bakken operators and shippers to share crude testing data to help regulators evaluate the volatility of oil produced there.
On Friday, a DOT spokeswoman said the agency had received data from two more companies - independent refiner Phillips 66 and pipeline company Plains All American. The spokeswoman said it was possible that more companies had sent data that DOT hasn't yet received or that an organization was compiling data, like AFPM's consultant.
The spokeswoman said a website where DOT posts companies that have shared information was being updated, but it still did not display Phillips or Plains as of late Friday afternoon.
Plains told Reuters that the company shared crude sampling data from several Bakken locations with DOT in mid-March.
J.P. Fjeld-Hansen, managing director at Musket, a privately held trading and logistics company with Bakken oil-loading operations, also said crude shipped from its facilities "is properly tested, classified and reported to DOT". He said PHMSA and DOT have visited Musket's crude loading facilities several times this year.
In addition to Phillips, Tesoro Corp also said they also are sharing data through the AFPM initiative.
(Reporting by Kristen Hays; Editing by Peter Galloway and David Gregorio)