Oneock Partners LP

Thu, 2012-04-19 13:45Steve Horn
Steve Horn's picture

New Bakken Shale Pipeline to Cushing, OK in the Works

The controversy over TransCanada's Keystone XL pipeline has raged on for years now, with no end in sight. 

The Keystone XL pipeline would carry tar sands crude from the tar sands epicenter of the world in Alberta, Canada, take it down to Cushing, OK, and then eventually down to Port Arthur, TX, where it will be refined and placed on the lucrative oil export market.

While Republicans continue to try to make Keystone XL a campaign issue, President Obama has officially put the fate of the pipeline on the backburner until after the November 2012 U.S. elections.

But this has not stopped other key pipelines and pipeline extensions from being built “in the meantime, in between time,” as the song lyrics made famous by the classic novel, The Great Gatsby, go.

Most recently in the limelight: Obama's late-March approval of the TransCanada Cushing Extension, which extends from Cushing, OK – the self-proclaimed “pipeline crossroads of the world” – to Port Arthur, TX, where oil would be placed on the global export market. 

Now, another key pipeline proposal is in the works, one that would move unconventional oil and gas obtained via the problematic hydraulic fracturing (“fracking”) process in North Dakota's Bakken Shale basin southward to Cushing, where it would then be moved to Port Arthur and also placed on the global export market. Another portion of that pipeline would move the oil and gas westward toward Coos Bay, Oregon, where it would also be exported to the highest bidder.

Subscribe to Oneock Partners LP