Oil pipeline through Wyoming canceled - KOTA Territory News

Oil pipeline through Wyoming canceled

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TULSA, Okla. (AP) _ A proposed $1.8 billion oil pipeline running through Wyoming from North Dakota to Oklahoma has been called off because the company behind the deal couldn't rally enough commitments to transport their oil.

 

Tulsa-based Oneok Partners LP announced recently that the Bakken Crude Express Pipeline won't be built.

 

Oneok says the outlook for crude oil supply is robust but it could not get enough producers to promise long-term use of the 1,300-mile pipeline, which would have run north to south through eastern Wyoming.

 

The company says it still has up to $4.8 billion of announced natural gas and natural gas liquids projects under way and many of them are in the Bakken Shale.

 

Oneok says the pipeline would have moved 200,000 barrels of oil from Montana and North Dakota.

 

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