The story notes that the oil giant has refineries in Wood River, IL and Borger, Texas, where the crude would go.
If my recollection of my oil patch days in Kansas is correct, ConocoPhillips also has refineries in Ponca City, OK and Bartlesville, OK. Whether those refineries are still operating, I don’t know. I believe Ponca City is on or near the proposed route fo the pipeline and Bartlesville is not far to the east from Ponca City. I’m also guessing there are interconnecting crude lines between the two Oklahoma facilities.
My own initial take is that this is a blow to the Hyperion project, as ConocoPhilips could probably use most if not all of the Canadian crude.
Just another interesting chapter in the history of both the Hyperion and TransCanada projects.
Breaking: KELOLAND--ConocoPhillips Takes Half Ownership in Keystone Pipeline
This just in from KELOLAND News:
ConocoPhillips Takes Half Ownership In Pipeline
Oil company ConocoPhillips has taken a 50-percent ownership stake in a proposed oil pipeline that would deliver Canadian crude to U.S. refineries. FULL STORY
Technorati Tags: Hyperion, TransCanada, crude oil, crude oil pipelines, pipelines, refineries, Union County, South Dakota, Elk Point, ConocoPhillips
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Posted on Tuesday, January 22, 2008
by
Todd Epp
in Energy/Gas Prices, Gorilla Project, TransCanada Pipeline
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Todd Epp
in Energy/Gas Prices, Gorilla Project, TransCanada Pipeline
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