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Why is Koch Industries Saying No to Building a Bakken Crude Pipeline?

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The Bakken formation's success has hinged on one thing: takeaway capacity. This part of the country has gone from a marginal player in the oil space to delivering nearly 1 million barrels per day, and industry leaders like Continental Resources (NYSE: CLR  ) see that production number soaring as high as 2 million barrels per day. Considering what it would take to get this region to that kind of production, it seems bizarre that Koch Industries has decided to not build a pipeline from North Dakota to Illinois. 

There are very limited reasons why Koch Industries didn't build this pipeline, one of them being a lack of interest by the producers. Tune into the video below to find out why Bakken players like Continental and Oasis Petroleum (NYSE: OAS  ) , and refiners like Phillips 66 (NYSE: PSX  ) , would prefer to not use a pipeline and why it makes better business sense despite the risks associated with rail. 

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Tyler Crowe

Energy and materials columnist for

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Related Tickers

9/1/2015 1:58 PM
CLR $30.40 Down -1.70 -5.30%
Continental Resour… CAPS Rating: ***
OAS $10.79 Down -0.37 -3.32%
Oasis Petroleum CAPS Rating: ***
PSX $78.13 Down -0.94 -1.19%
Phillips 66 CAPS Rating: *****