BISMARCK, N.D. (AP) — A natural gas company on Monday announced a proposal to get into the crude oil business by building its own 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 the proposed Bakken Crude Express Pipeline would cost between $1.5 billion and $1.8 billion and have the capacity to move 200,000 barrels of crude daily from the heart of North Dakota's rich oil patch to the hub in Cushing, Okla.
Oneok's plan brings to six the number of pipeline projects proposed to help ship crude out of the rich Bakken shale and Three Forks-Sanish oil reservoirs in the western North Dakota, said Justin Kringstad, director of the North Dakota Pipeline Authority.
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