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Saturday, January 30, 2016

Phillips 66 May Consider Bigger Stake In Bakken Pipeline -- Reuters -- January 30, 2016

The Dickinson Press is reporting:
Phillips 66 may consider increasing its 25 percent stake in Energy Transfer Partners' pipeline project to move North Dakota Bakken oil to Illinois and Texas, but likes its current commitment as is, President Tim Taylor told analysts on Friday.
This was my last entry regarding this pipeline:
January 20, 2016: North Dakota approves Dakota Access Pipeline; only Iowa is yet to approve; company expects Iowa to approve "next month." I'll believe it when I see it.
And that link led to this:
Regulators in North Dakota, South Dakota, and Illinois have already approved permits. Iowa still remains, though the company says it expects that approval to come next month.
The U.S. Army Corps of Engineers also must approve the pipeline because it would cross beneath the Missouri River twice in North Dakota, near Williston and Mandan.
So Nebraska Iowa must still approve the pipeline as well as President Obama. I'm not holding my breath when the promoters say they hope to have this pipeline completed by the end of 2016.

A "snapshot" of this pipeline can be found here

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