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Tuesday, February 21, 2012

Keystone XL Killed But New Pipelines Keep Going In

Link here to Yahoo News
SemGroup® Corporation, Gavilon Midstream Energy, LLC, a subsidiary of The Gavilon Group, LLC; and an affiliate of Chesapeake Energy Corporation today announced plans to form a joint venture that will construct a 210-mile pipeline in western and north central Oklahoma which will deliver crude oil to a 1-million-barrel storage facility in Cushing, Oklahoma. The pipeline and storage facility will meet growing midstream requirements resulting from the burgeoning drilling activity in western Oklahoma and the Mississippi Lime play. 
Hopefully they build the storage facility first. 

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