Keystone XL Pipeline Arrives In Texas

Keystone PipelineThe Keystone XL Pipeline was designed to send oil from sand pits in Canada to refineries in Texas, and that is finally happening. After years and years of waiting for Presidential approval, the project has delivered its first barrels of oil to the refineries at the end of the line to begin feeding the Texas energy markets.

TransCanada, the owner of the pipeline, put the first few barrels of oil into the pipeline to begin testing the line before it goes on line in full. Though TransCanada does not know precisely when the project will be fully-operational, they have already determined that the pipeline can bring in about 700,000 barrels of crude oil a day to the Texas refineries.

The only portion of the pipeline that needs Presidential approval is the section that crosses the border from the U.S. into Canada. Even without the approval, the rest of the project can go forward as planned to build up business for the wells in the Canadian sand pits.