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Saturday, November 10, 2018

New Bakken Pipeline Announced; Meanwhile A Montana Judge Kills The Keystone XL (Again) -- November 10, 2018

First, a little background, because I think the route will be along some of the existing easements.

To get an idea of the geographical area we're talking about, you may want to take another look at this noted posted just a few days ago regarding "the Voyager."

From the BusinessWire, a Berkshire Hathaway Company:
  • The True companies, based in Casper, WY:
    • Bridger Pipeline LLC
    • Belle Fourche Pipeline Company
    • Butte Pipe Line Company
  • Bridger Pipeline LLC owns and operates:
    • the Poplar System in eastern Montana
    • the Four Bears Pipeline System in North Dakota
    • the Parshall Gathering System in Wyoming
    • the Powder River System in Wyoming
  • Belle Fourche Pipeline Company gathers and transports crude oil in:
    • the Williston Basin of western North Dakota
    • the Powder River Basin of Wyoming
  • Butte Pipe Line Company owns the transmission line from Baker, MT, to Guernsey, WY
Now the news from Phillips 66 released on November 9, 2018:
  • joint venture between Philllips 66 and Bridger Pipeline LLC
  • Liberty Pipeline
  • origin: "from the Rockies and the Bakken production areas"
  • terminus: "Corpus Christi, Texas
  • initial capacity: 350,000 bopd; with ability to expand
  • anticipated in-service date: 4Q20
In that same press release, Phillips 66:
  • announced the Red Oak Pipeline
  • origin: Cushing, OK
  • terminus: Corpus Christi, Houston, and Beaumont (TX)
  • initial throughput: 400,000 bopd with ability to expand
  • anticipated in-service date: 4Q20 
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Meanwhile, The Keystone XL Is Stopped Again 

Updates

November 11, 2018: what does the end of the Keystone XL mean for Canada? WCS oil is now trading below $16/bbl.

Original Post 

I suppose if you want to read the article (at this link), you can. But it's the same old thing. Bottom line: Keystone XL construction has been stopped, putting hundreds of hard-working, salt-of-the-earth men and women out of work.

The US district judge announced his ruling two days after the mid-term elections in which the Democratic candidate for US Senate won by a very, very narrow margin.

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Meanwhile, The DAPL Is At Jeopardy In Two Courts

Previously posted:

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