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Keystone Pipeline, operated by TransCanada, flows from Hardisty, Alberta (Canada) to an intermediary hub in Cushing to Port Arthur, Texas. It has a maximum capacity of 590,000 barrels per day (94,000 m 3 /d). Another Keystone termination is located at the oil tank farm near Patoka, Illinois. [15] [16]
Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma ...
Enbridge crude oil tank farm near Cushing has a maximum storage capacity of 20,060,000 barrels (3,189,000 m 3) (2010) Main article: Oil industry in Cushing Cushing is a major crude oil hub within the United States and worldwide oil industry .
The Cushing MarketLink pipeline phase started at Cushing, Oklahoma, where American-produced oil is added to the pipeline, then runs south 435 miles (700 km) to a delivery point near terminals in Nederland, Texas, to serve refineries in the Port Arthur, Texas, area. Keystone started pumping oil through this section in January 2014.
In 1912, the discovery well, the Wheeler No. 1 Oil Well came in near Drumright for wildcatter Thomas Baker Slick, Sr. [1]. Peak production was in May 1917 at 310,000 barrels per day, accounting for two thirds of the refinable crude oil production in the western hemisphere during that time, and provided twenty percent of the petroleum sold in the United States in 1915-1916.
Seeking to capitalize on the pipeline's location to gather raw natural gas in Oklahoma and Texas for transport to the company's refinery complex at Sweeny, Texas, and other refineries near Houston, Phillips converted the system to ship natural gas south instead of shipping crude oil north. Phillips called that arrangement the "Seagas Pipeline". [2]
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