Two companies announced intentions this week to move ahead with a new pipeline to transport crude from the Bakken and the Rockies to Oklahoma.

The Bismarck Tribune says Phillips 66 and Bridger Pipeline have formed a “joint venture” to build a pipeline to transport the growing volumes of crude oil.

They have not yet released details about the route of the pipeline.

If approved, the so-called "Liberty Pipeline" would be the first major crude oil transmission pipeline built in North Dakota since Dakota Access, which went online in 2017.

A spokesman for the state Pipeline Authority says the project would transport up to 200,000 barrels of oil per day from the Williston Basin.

The North Dakota Public Service Commission and other regulators will have to sign off on the project before it begins. Phillips 66 says it also plans to build a new pipeline to run between Oklahoma and the Gulf Coast.

[Source: Bismarck Tribune]