BNSF train carrying crude oil derails in North Dakota

|By:, SA News Editor

A Burlington Northern (BRK.A, BRK.B) train carrying crude oil derailed this afternoon just west of Casselton, N.D. near the city's ethanol plant; no injuries are reported but few details have been provided so far.

Crews at the scene say as many as a dozen railcars that were carrying ethanol or oil had left the tracks, with some bursting into flames.

BNSF hauls ~750K bbl/day of oil from places like the Bakken in North Dakota and the Permian Basin in west Texas to refineries, and executive chairman Matthew Rose says the railroad should hit 1M bbl/day by year-end 2014.