ONEOK Partners Elects Not to Proceed With Bakken Crude Express Pipeline Project
TULSA, Okla. – Nov. 27, 2012 – ONEOK Partners, L.P. (NYSE: OKS) today announced that it did not receive sufficient long-term transportation commitments during its recently concluded open season for the Bakken Crude Express Pipeline. As a result, the partnership has elected not to proceed with plans to construct the pipeline.
“Despite the robust outlook for crude-oil supply growth in the Williston Basin in the Bakken Shale, we did not receive sufficient long-term commitments under the terms we needed to construct the Bakken Crude Express Pipeline,” said Terry K. Spencer, ONEOK Partners president. Read the entire post HERE…
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