ONEOK Partners (OKS) to Hold 'Open Season' for Bakken Crude Express Pipeline
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ONEOK Partners, L.P. (NYSE: OKS) is holding an open season for its previously announced Bakken Crude Express Pipeline.
The open season process provides potential shippers the opportunity to execute long-term transportation contracts with ONEOK Partners in exchange for priority transportation service. The open season will begin Sept. 21, 2012, and conclude Nov. 20, 2012.
The Bakken Crude Express Pipeline is a proposed 1,300-mile crude-oil pipeline with the capacity to transport 200,000 barrels per day of light-sweet crude oil from multiple points in the Williston Basin in the Bakken Shale in North Dakota and Montana to the crude-oil market hub in Cushing, Okla. Construction of the pipeline is currently expected to begin in early 2014 and be completed by mid-2015.
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The open season process provides potential shippers the opportunity to execute long-term transportation contracts with ONEOK Partners in exchange for priority transportation service. The open season will begin Sept. 21, 2012, and conclude Nov. 20, 2012.
The Bakken Crude Express Pipeline is a proposed 1,300-mile crude-oil pipeline with the capacity to transport 200,000 barrels per day of light-sweet crude oil from multiple points in the Williston Basin in the Bakken Shale in North Dakota and Montana to the crude-oil market hub in Cushing, Okla. Construction of the pipeline is currently expected to begin in early 2014 and be completed by mid-2015.
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