Bakken oil shipping to get boosted using rail by over 500,000 barrels per day by the end of 2012

Bakken oil shipping to get boosted using rail by over 500,000 barrels per day by the end of 2012

Kansas-based Lario Logistics said it will open a 100,000 barrel-per-day crude-by-rail terminal in North Dakota's Bakken Shale oil area this month, a move that will boost the region's capacity to ship crude on railways by about 75 percent.

North Dakota oil production has tripled in four years, reaching 380,000 bpd in June and reached 423,592 barrels per day in July.