Keystone Pipeline Spill Estimated at 14,000 Barrels of Crude Oil -- 2nd Update
December 08 2022 - 6:26PM
Dow Jones News
By Dan Molinski
The Keystone oil pipeline remained shut late Thursday after a
rupture in Kansas that spilled an estimated 14,000 barrels of crude
oil, said the pipeline's owner, TC Energy Corp.
"We have shut down the Keystone Pipeline System and mobilized
people and equipment in response to a confirmed release of oil into
a creek in Washington County, Kansas," the Calgary-based company
said in a statement.
It said the emergency shutdown began at around 8 p.m. local time
Wednesday night after alarms sounded due to the detection of a drop
in pressure in the 610,000-barrel-a-day pipeline.
"The system remains shutdown as our crews actively respond and
work to contain and recover the oil," TC Energy said. "Our
estimated release volume is 14,000 barrels."
TC Energy didn't indicate when the pipeline may begin flowing
again, or what specifically may have caused the large leak.
The news helped fuel a brief spike in U.S. crude-oil prices
Thursday morning, with WTI crude-oil gaining as much as 4.8% to
$75.44 a barrel. As the trading session wore on, however, WTI
reversed those gains and finished 0.8% lower at $71.46, the lowest
closing price since Dec. 21, 2021.
The 2,687-mile Keystone Pipeline System delivers Canadian and
U.S. crude oil to markets around North America. It runs east from
Hardisty, Alberta, in Canada, then down into North Dakota in the
U.S., and further south into Nebraska. From there it splits, with
one arm heading toward refineries in Illinois while another arm
heads to Oklahoma and Texas.
Write to Dan Molinski at dan.molinski@wsj.com
(END) Dow Jones Newswires
December 08, 2022 19:11 ET (00:11 GMT)
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