More Takeaway Capacity, PAA's Bakken North Project (Bakken, ND, USA)

I am not aware that this is projected on any current Bakken operator corporate presentation, but I could be wrong. It's impossible for me to keep up with all the oil activity in North Dakota.

Plains All American Pipeline (PAA) announced yesterday (November 2, 2010) a couple of new projects including one that affects the Bakken. It will be called the Bakken North Project:

• Crude oil pipeline from Trenton, ND, to Regina, Saskatchewan: links to a map and data
• At Regina, PAA would connect into third-party carriers (Enbridge? Trans-Canada?)
• From Regina, Saskatchewan, to Cushing and/or PADD II delivery points
• 103-mile, 12-inch pipeline
• Initial design capacity: 50,000 bbls/day scalable to 75k/day
• Cost: $160 - $200 million; 50% in 2011; 50% in 2012

Depending on the usual qualifying statements, PAA anticipates placing the project into service 4Q12.