Keystone Expanding Pipeline Capacity to 1.1 Million Barrels/Day

TransCanada and partner ConocoPhillips are announcing a half-million barrel expansion of the Keystone pipeline project. The pipeline planned for eastern South Dakota should open with 435,000 barrels per day, then increase to 590,000 per day. If I'm reading TransCanada's information correctly, the Phase II expansion across West River and down to the Gulf of Mexico will increase the capacity of the system to 1.1 millon barrels a day; with more pumping facilities, TransCanada hopes to bump that up to 1.5 million barrels a day.

TransCanada is taking bids now for oil shippers to secure their chunk of that capacity. Deadline for bids is noon (Mountain Time) September 4, so hey, Harding County oil magnates, get to work on your proposals!