Enbridge To Add 800,000+ BOPD TakeAway From Cushing -- Huge Story -- Bakken, North Dakota, USA

Link here.

Enterprise Products Partners L.P. and Enbridge Inc. today announced plans to design, construct and operate a new pipeline to transport crude oil from the oversupplied hub at Cushing, Oklahoma to the Texas Gulf Coast refining complex.

Initially, the Wrangler Pipeline will have the capacity to transport up to 800,000 barrels per day (BPD) of crude oil and accommodate the constrained medium-to-light crude oil currently stranded at Cushing and priced at a substantial discount to the oil imports that account for most of the supply being used by Gulf Coast refiners.

The pipeline will also have the capability to handle additional supplies of crude oil arriving at Cushing from other North American producers. In anticipation of future increases in crude oil volumes delivered to the Cushing area, the joint venture partners will design the pipeline to be easily expanded.

Just for starters: 800,000 bopd, but can be scaled up. Huge story.  A bit "thank you" to "anon 1" for sending the link my way.

Meanwhile TransCanada XL lingers.