Pipeline Proposals Fail to Finish - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Pipeline Proposals Fail to Finish

Posted: Updated:

After conducting an open season, two major Bakken pipeline proposals have failed to move forward because of a lack of interest from shippers.

The Dakota Express and the Bakken Crude Express pipelines were proposed to carry 200,000 barrels from North Dakota to markets in Illinois and Oklahoma. Yet both Koch Pipeline Co. And ONEOK did not get enough commitments from companies to send oil through the proposed lines. This is something that could continue as the prices of Bakken crude fluctuate.

"There is a lot of uncertainty in the crude oil pricing markets so if we look around the U.S. we see different crude oil pricing at different destinations. There is some uncertainty which is causing folks to hesitate to committing barrels of oil to certain destinations for a certain amount of time until some of the markets settle out a bit," says N.D. Pipeline Authority director Justin Kringstad.

Kringstad says rail will continue to be the main mode of transportation for oil out of the state, as it gives shippers more options in choosing which market and what price they can get for their oil.

  • Latest NewsMore>>

  • Woman's Body Found Near Fort Yates

    Woman's Body Found Near Fort Yates

    Thursday, April 24 2014 1:26 AM EDT2014-04-24 05:26:30 GMT
    The body of a 39-year-old woman has been found in a field near Fort Yates.
    The body of a 39-year-old woman has been found in a field near Fort Yates.
  • GABR Founder Talks About Event

    GABR Founder Talks About Event

    Wednesday, April 23 2014 11:49 PM EDT2014-04-24 03:49:14 GMT
    It's no secret medical equipment and the services that come along with it are expensive."There's no way these kids can get the service and intervention they need without some supplementary funding," says GABR founder, Dr. Kevin Murphy. So, Dr. Murphy and his team were determined to find a solution."We discovered that Winnipeg had a beautiful bike race called the Great Canadian Stationary Bike Race for Cerebral Palsy," says Murphy. "We flew up there and looked at that for a couple years and de...
    It's no secret medical equipment and the services that come along with it are expensive."There's no way these kids can get the service and intervention they need without some supplementary funding," says GABR founder, Dr. Kevin Murphy. So, Dr. Murphy and his team were determined to find a solution."We discovered that Winnipeg had a beautiful bike race called the Great Canadian Stationary Bike Race for Cerebral Palsy," says Murphy. "We flew up there and looked at that for a couple years and de...
  • Insurance And Financial Advisors Gather For Convention

    Insurance And Financial Advisors Gather For Convention

    Wednesday, April 23 2014 8:07 PM EDT2014-04-24 00:07:24 GMT
    Insurance and financial advisors from all over the state are coming to the Magic City for the National Association of Insurance and Financial Advisors State Convention. 
    Insurance and financial advisors from all over the state are coming to the Magic City for the National Association of Insurance and Financial Advisors State Convention. 

Most Popular

Stories
Videos
loading...
  • TOOLBOX

  • Special Feature HomeSpecial FeaturesMore>>

  • Ask An Attorney

    Ask An Attorney

    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
  • Mobile Apps

    Mobile Apps

    We have the best Mobile Apps.  Learn how you can download yours today.
  • Me-TV North Dakota

    Me-TV North Dakota

    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.
    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.  Me-TV North Dakota will also play a replay on the Evening and Night Report at 11:30pm Monday-Friday.  As well as, local news and weather updates throughout the day.
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KFYR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.