Wall Street Journal 2/12/2015
The company behind the Keystone XL pipeline plans to ask the U.S. government to permit a new and different pipeline project.
Despite the years long fight over Keystone XL, TransCanada Corp. will apply to the U.S. State Department to build a 200-mile pipeline from North Dakota’s booming oil fields across the border into Canada to connect to another proposed pipeline, according to a person briefed on the plan.
In its earnings report Friday, the company will announce it is proposing the $600 million Upland Pipeline Project, which aims to transport up to 300,000 barrels a day of North Dakota crude to a connection in Saskatchewan, according to the person briefed on the plan. From there, the oil can flow on TransCanada’s planned Energy East pipeline, which aims to ship up to 1.1 million barrels of oil a day nearly 3,000 miles across Canada to refineries and ports along the country’s East Coast.