Asked this question in another discussion without an answer. Any thoughts?
I have read that Gulfport plans on transporting Utica liquids to their Canadian Tar Sands to dilute the bitumen so it will flow though pipelines. Currently they have a contract to ship tar sand bitumen to the Gulf Coast via rail for refining. I would assume the value of the liquids would not be fully realized until refined at the other end of the pipeline. Anyone know what effect on price this will have with liquids extracted from the Utica sent to the Tar Sands and will landowners eventually see a fair value in royalties from those liquids or will their royalties be diluted along with the bitumen? Could this redistribute our mid-wests Utica wealth to western Canada? Does this give new meaning to “Market Enhancement”?
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Permalink Reply by Jim on March 17, 2013 at 3:46am Dan,
Here is a 16 minute video on the Bitumen process.
www.capp.ca/canadaIndustry/oilSands/Dialogue-Resources/oil-sands-vi...
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