Another rail loading facility for crude oil opened in Wyoming last week, bringing the total to at least seven.
Seventy- thousand barrels of Wyoming oil rolled out of the Black Thunder terminal in the Powder River Basin, headed for a refinery on the East Coast.
“We believe that the location of this particular terminal may be a little more unique to the business as it is in the heart of the basin," says Steven Huckaby, CEO of Meritage Midstream, the company behind the crude loading facility. "It has a great location advantage to some other terminals."
The Bureau of Land Management is responsible for coal on federal lands. That coal makes up about 40 percent of total coal production in the U.S. Of the 314 existing federal coal leases, nearly a quarter of the leases are in Wyoming’s Powder River Basin. Companies acquire these leases by bidding on the right to mine the federal coal. It has generated a lot of income, which the federal government splits with states. But not everyone thinks the program is working as it should and that the government might be losing out on money.