(AP) — The proposed Keystone XL pipeline survived nine years of protests, lawsuits and political wrangling that saw the Obama administration reject it and President Donald Trump revive it, but now the project faces the possibility of death by economics.Low oil prices and the high cost of extracting Canadian crude from oil sands are casting new doubts on Keystone XL as executives with the Canadian company that wants to build it face the final regulatory hurdle next week in Nebraska.The pipeline proposed in 2008 has faced dozens of state and federal delays, many of them prompted by environmental groups who ultimately persuaded President Barack Obama to deny federal approval in November 2015."Frankly, in the current price climate, it's probably not going to be a going venture unless there's a massive improvement in technology" for processing Canadian crude, said Charles Mason, a University of Wyoming professor of petroleum and gas economics.Producers have also found other ways to ship oil, primarily by train, and many are reluctant to sign long-term contracts with a pipeline that wouldn't go into operation for several more years, said Jeff Share, editor of the Houston-based Pipeline & Gas Journal, a leading industry publication.Nebraska law enforcement authorities already have had discussions with their counterparts in North Dakota about how that state handled widespread protests during construction of the Dakota Access Pipeline near the Standing Rock Indiana Reservation, said Cody Thomas, a Nebraska State Patrol spokesman.If the Nebraska commission approves the route, TransCanada can initiate legal proceedings under eminent domain to gain access to the land of holdout property owners.
NYS Entity Status
NYS Filing Date
NOVEMBER 14, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2014 - KEYSTONE OIL & GAS CONSULTING, L.L.C.
2013 - EMPIRE LAND RESOURCES, L.L.C.
Around the Web
- Keystone XL survived politics but economics could kill it
By GRANT SCHULTE, Associated Press - Thursday Aug 3, 2017
- A New Problem for Keystone XL: Oil Companies Don't Want It
Thursday Jun 29, 2017
Keystone XL is facing a new challenge: The oil producers and refiners the pipeline was originally meant to serve aren’t interested in it anymore.
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By Ashlee Kieler - Tuesday Jun 27, 2017
Four different “credit repair” operations have been ordered to pay a total of more than $2 million in penalties for allegedly tricking people into thinking their bad credit could be easily fixed.The Consumer Financial Protection Bureau announced today that it filed complaints and proposed judgments against Prime Credit, LLC, IMC Capital, LLC, Commercial Credit Consultants, and Park View Law, …
- Co-working space offers treadmill desks, kitchen and more
By Christopher Snowbeck - Thursday Sep 21, 2017
MINNEAPOLIS — When Anne Hendrickson was driving around the Twin Cities as a freelance consultant, she found herself wishing for a space where she could easily combine work with physical activity. The ambition inspired Work It LLC, a business Hendrickson opened last month in St. Paul. It’s a co-working space that rents desks to freelancers, with the twist that clients can walk on treadmills or pedal a stationary bike while they work. There’s also a small on-site gym, showers and a kitchen complete with free olive oil for cooking. Hendrickson hopes the action-oriented amenities will help the business stand out in the increasingly crowded co-working market.
- Gas Prices Rise as Hurricane Surprises Oil Companies
By Alex Johnson - Thursday Aug 24, 2017
Hurricane Harvey developed so quickly in the Gulf of Mexico that many oil and gas companies didn't have time to prepare.
- A Los Angeles Story: Do Oil and Catholicism Mix?
By Steve Dubb - Tuesday Oct 10, 2017
October 9, 2017; Los Angeles Sentinel Los Angeles may sometimes be called a city of stars, but it also a city of oil fields. A Community Health Councils report from 2015, for example, began, “The land of sunshine, celebrities, and world-famous beaches is also home to 5,000 active oil and gas wells. These wells are […]
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