Is there an oil pipeline that is being planned for construction in Oklahoma, asks Brandon Davis of Swan Energy. According to KOCO in Oklahoma, three oil companies are planning a large scale pipeline that will provide the capacity of over 130,000 barrels daily transportation from multiple locations within the state. The pipeline is expected to connect to Cushing, OK, where there is a 1 million barrel oil storage terminal. Cushing is the largest US oil storage facility with an operational capacity of over 66 million barrels as indicated by the US Energy Dept.
The pipeline will provide jobs to the region and add to the ability to transfer larger volumes of crude oil from the Oklahoma oil fields to market. Production is expected to begin in this summer. For more information on this new pipeline development and construction, please read it here and here as well.
