MDU Places Dakota Natural Gas Pipeline on Hold

SUGAR LAND--December 19, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--A proposed pipeline to transport natural gas from the Bakken Shale to the Upper Midwest has been placed on hold by its developer, MDU Resources Group Incorporated (NYSE:MDU) (Bismarck, North Dakota). The Dakota Pipeline project, announced at the start of 2014, was expected to cost about $650 million to build. Assuming all permits were obtained, construction was scheduled to kick off in early- to mid-2016, and the pipeline was scheduled to be operating by November 2017.

Within this article: Status of Bakken Shale to Upper Midwest natural gas pipeline project by MDU Resources.

Additional companies: ONEOK Partners (NYSE:OKS), TransCanada Pipelines Limited (NYSE:TRP)