Continental Resources’ Bakken Crude Supply Agreement

May 2013, Vol. 240, No. 5

Continental Resources Inc. has agreed to supply PBF with Bakken crude oil, which will be delivered by rail to PBF’s double-loop track at its refinery in Delaware City, DE.

Continental Resources President and COO, Rick Bott said, “This unique transaction illustrates the emerging shift in the light sweet crude market. In addition to diversifying Continental’s customer base and streamlining our value chain, it allows us to deliver unblended premium Bakken crude to the East Coast – a market that has historically been driven by imports of foreign oil.”

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