Seeking Alpha Article On ONEOK's Recent Announcement To Hook Up 700 Wells In The Bakken -- August 14, 2015

On August 5, 2015, there was a story that ONEOK was going to hook up 700 wells in the Bakken. Today, there is an article in Seeking Alpha that provides some more background to this story:

The company plans to spend from $1.0B to $1.5B this year in growth projects, with much of that spending already done in the first half, but paid via short-term debt. These projects are largely to connect flare gas volumes in the Williston Basin and the Mid-Continent.

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What Happens To Excess CBR Tank Cars?

They get parked and smaller railroads are getting paid to store them. For example:

Gennessee and Wyoming, the nation’s largest short line rail road, is collecting as much as $5 a day on each of about 2,000 idle crude rail cars in Utah, the Midwest and Canada.