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$1.8B oil pipeline from N.D. to Okla. canceled

A proposed $1.8 billion oil pipeline from North Dakota to Oklahoma has been called off because the company behind the deal couldn’t rally enough commitments to transport its oil.

[...]

Oneok said 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.

The company said 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 Formation in Montana and North Dakota.

Oneok said the pipeline would have moved 200,000 barrels of oil out of the Williston Basin in the Bakken Formation.

http://bismarcktribune.com/...

Not regulation, but lack of [Correction] throughput...

Cowen Thorne

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