TransCanada secures 65,000 b/d Bakken crude commitments

Christopher E. Smith
OGJ Pipeline Editor

HOUSTON, Jan. 21 -- TransCanada Corp. has concluded its open season for the Bakken Marketlink Project to deliver US-sourced crude from Baker, Mont., to Cushing, Okla., securing 65,000 b/d of firm, term contracts. Bakken Marketlink will use pipeline facilities that form part of TransCanada’s Keystone XL system, which will run in close proximity to the Bakken crude producing regions within the Williston basin.

TransCanada expects Keystone XL to be in service first-quarter 2013, subject to regulatory approvals.

TransCanada closed a binding open season on its Cushing Marketlink project Nov. 19, the same day it closed the Bakken Marketlink open season, and is still evaluating bids. The project would involve construction of $70 million of facilities at Cushing and use facilities making up part of Keystone XL to deliver crude to near existing terminals in Nederland, Tex. (OGJ Online, Sept. 8, 2010).

Once TransCanada finishes bid evaluation on Cushing Marketlink it will decide whether to proceed with regulatory applications. Assuming TransCanada moves forward with the project, it anticipates placing Cushing Marketlink in service first-quarter 2013 as well.

Contact Christopher E. Smith at chriss@ogjonline.com.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...