Tulsa-Based Company's Pipeline Deal Not Happening
A controversial pipeline from North Dakota to Oklahoma is not going to happen.
The proposed nearly $2 billion project was called off, because ONEOK says it could not get enough producers to promise long-term use of the 1300 mile pipeline.
The company says it still has up to almost $5 billion of announced natural gas and natural gas liquids projects under way and many of them are in the Bakken Shale.
ONEOK says the pipeline would have moved 200,000 barrels of oil from the Williston Basin in the Bakken Shale in Montana and North Dakota.