BISMARCK, N.D. — Two companies are proposing a $1.6 billion pipeline to move North Dakota crude oil.
Houston-based Phillips 66 and Casper, Wyoming-based Bridger Pipeline announced the joint venture called Liberty Pipeline on Monday. It's designed to move 350,000 barrels of oil daily from western North Dakota's oil patch to the nation's biggest storage terminal in Cushing, Oklahoma. From there, the companies said shippers can access multiple Gulf Coast destinations.
The route of the 24-inch pipeline has not been disclosed, though the companies said in a statement the project "will utilize existing pipeline and utility corridors and advanced construction techniques to limit environmental and community impact."
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The pipeline would start in Guernsey, Wyoming, said Bridger Pipeline spokesman Bill Salvin.
An existing Guernsey-to-Cushing pipeline cuts through sections of the Nebraska Panhandle and the southwestern tip of the state.
North Dakota is the nation's second-biggest oil producer behind Texas. The state's oil production is pegged at 1.4 million barrels daily.