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Pipeline projects bringing North Dakota oil to Corpus Christi

Jessica Corso
Pipeline projects bringing North Dakota oil to Corpus Christi

A pair of proposed pipelines will give the Port of Corpus Christi access to oil from Oklahoma and North Dakota for the first time. Houston-based Phillips 66 (NYSE: PSX) announced Monday that it plans to build one pipeline to move crude oil from the North Dakota's Bakken Shale oil fields to Cushing, Oklahoma, and one that will move the product from Cushing to Corpus and other ports along the Gulf Coast. Phillips is partnering with Bridger Pipeline LLC to build the Bakken-to-Cushing line and with Plains All American Pipeline (NYSE: PAA) for the Cushing-to-Gulf Coast line.