Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[benfrankledger]

Energy Transfer, isn't the only company looking to increase the flow of oil out of the Bakken. Earlier this month, refining giant Phillips 66 (NYSE:PSX) joined forces with privately held Bridger Pipeline to build the Liberty Pipeline, which they aim to complete by the first quarter of 2021. The $1.6 billion project would move oil from the Bakken and Rockies production areas to a storage hub in Cushing, Oklahoma. From there, it could flow toward the Gulf Coast on any number of other pipelines, including Red Oak, which Phillips 66 plans to build with a different partner. The Liberty Pipeline would receive about 175,000 BPD from the Bakken via the Bridger Extension, which Bridger Pipeline would construct.