WOOD RIVER - Koch Pipeline Co. called off plans to build a 250,000-barrel-a-day crude oil pipeline to Illinois from North Dakota’s Bakken formation, where a shale boom has helped lift domestic production to the highest in a quarter-century, Bloomberg reports.
And along with the Dakota Express proposal that would have ended in downstate Pakota, IL will go jobs and Illinois' part in the booming shale mining economy. The proposed pipeline would have included some new construction while also utilizing Koch Pipeline’s existing Wood River Pipeline and Hartford terminal.
The indirect subsidiary of Koch Industries Inc., one of the largest private companies in the U.S., is no longer developing the so-called Dakota Express pipeline, Jake Reint, a Koch spokesman, said by e-mail yesterday. He didn’t provide a reason for the decision. The Wichita, Kansas-based company was scheduled to begin a 45-day open season to gauge interest from potential shippers on the line in July.
“The non-binding open season for the Dakota Express pipeline is no longer being pursued,” Reint, based in Wichita, said in the e-mail.