Oneok To Drop Up To $1.8B On Bakken Shale Pipeline

Law360, New York (April 9, 2012, 3:54 PM EDT) -- Oneok Inc.’s investment unit will invest as much as $1.8 billion to build a 1,300-mile pipeline to carry crude oil from North Dakota’s Bakken Shale to the oil supply hub in Cushing, Okla., Oneok said Monday.

Oneok Partners LP said it expected to spend between $1.5 billion and $1.8 billion over the next three years on the Bakken Crude Express Pipeline, which is slated to route supplies of light sweet crude out of the Williston Basin in central North Dakota.

The move marks a first foray...
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