Koch Halts Plans for Pipeline to Illinois From Bakken
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Koch Pipeline Co. called off plans to build a 250,000-barrel-a-day crude line to Illinois from North Dakota’s Bakken formation, where a shale boom has helped lift domestic production to the highest in a quarter-century.
The indirect subsidiary of Koch Industries Inc., one of the largest private companies in the U.S., is no longer developing the so-called Dakota Express pipeline, Jake Reint, a Koch spokesman, said by e-mail yesterday. He didn’t provide a reason for the decision. The Wichita, Kansas-based company was scheduled to hold a 45-day open season to gauge interest from potential shippers on the line in July.