Enbridge, Enterprise Plan $4B Rivals To Keystone XL

Law360, New York (March 27, 2012, 7:16 PM EDT) -- Two oil pipeline companies on Tuesday announced plans to build rivals to the long-delayed Keystone XL pipeline at a projected cost of $3.8 billion, the latest salvo in a midstream arms race to handle a glut of North American oil production.

Canada's Enbridge Inc. and Houston-based Enterprise Product Partners LP are planning separate pipelines that could carry 850,000 barrels of oil per day to Gulf Coast refineries by mid-2014. The projects are aimed at a bottleneck of crude oil at the Cushing, Okla., hub that has...
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