January 2013, Vol. 240 No. 1

Projects

Oneok Wont Proceed With 1,300-Mile Crude Line

ONEOK Partners did not receive sufficient long-term transportation commitments during its recently concluded open season for the Bakken Crude Express Pipeline. As a result, the partnership will not to proceed with plans to build the pipeline.

“Although we have decided not to proceed with this project, we still have $4.2-4.8 billion of announced natural gas and natural gas liquids projects under way, many of which are in the Bakken Shale. Additionally, the partnership has a $2 billion-plus backlog of unannounced growth projects,” said Terry K. Spencer, ONEOK Partners president.
The Bakken Crude Express Pipeline would have been a 1,300-mile, crude-oil pipeline with the capacity to transport 200,000 bopd of light-sweet crude from multiple points in the Williston Basin in the Bakken Shale in North Dakota and Montana to the crude oil market hub in Cushing, OK.