BISMARCK, N.D. (AP) — A natural gas company wants to get into the crude oil business by building a 1,300-mile oil pipeline from North Dakota to the nation's biggest storage terminal in central Oklahoma.
Tulsa, Okla.-based Oneok Partners LP said Monday the proposed Bakken Crude Express Pipeline would cost between $1.5 billion and $1.8 billion. It would be able to move 200,000 barrels of crude daily from North Dakota's rich oil patch to Cushing, Okla.
Officials say Oneok's plan brings to six the number of pipeline projects proposed to help ship crude out of the rich reservoirs in western North Dakota.
Which projects becomes a reality will depend on getting supplier commitments. Oneok says it's negotiating commitments that could put it on track to begin construction next year and complete a pipeline by 2015.