YOUR BUSINESS AUTHORITY
Springfield, MO
North Dakota’s oil producers are caught in the middle of the standoff between Energy Transfer Partners, the nation’s biggest pipeline operator, and Standing Rock Sioux Tribe, the New York Times reports.
Energy Transfer Partners has lost hundreds of millions of dollars from delays in the completion of the Dakota Access Pipeline, and it could amass an additional $80 million a month in losses. But in the meantime, the oil industry has shifted its focus back to more traditional oil regions.
The Times said fields with lower production costs in Texas and Oklahoma stand to benefit.
Read more from New York Times.
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