latest statement, Enbridge said new pipeline capacity was unnecessary in North Dakota and recovery was likely outside its five-year planning horizon.
Oil production in June, the last full month for which data are available, declined 2 percent from the previous month to around 1.03 million barrels per day. June levels are more than 15 percent lower than the all-time high reached in December 2014.
North Dakota depends primarily on rail deliveries to get oil out of the Bakken shale reserve area to regional markets. That capacity is "adequate," according to state regulators, though the state is working to expand pipeline access to the rest of North America.
Sandpiper would have stretched 616 miles from North Dakota oil basins, through Minnesota and to an Enbridge terminal in Superior, Wis.,cheap jordan shoes,cheap jordan shoes, and on to the U.S. and Canadian refining markets.