CUSHING, Okla. (AP) — New pipeline projects are expanding the size of an Oklahoma crude oil hub that is already one of the most important oil storage facilities in the world.
One new pipeline is in operation at the hub in Cushing, another is almost complete and a new project was announced earlier this month when Tulsa-based NGL Energy Partners revealed plans for the Grand Mesa Pipeline, a joint venture with Rimrock Midstream LLC.
The Tulsa World reports that the Grand Mesa, which will be open to oil producer commitments starting next week, will be a 550-mile system from Colorado to Cushing. Once completed, the pipeline could move more than 130,000 barrels per day from production.
Cushing is the pricing settlement point for West Texas Intermediate crude on the New York Mercantile Exchange.