Enbridge Inc. on July 25 said it was open to working with the Bad River Band and will consider re-routing its Line 5 oil pipeline after the native American tribe in Wisconsin sued the company seeking to shut the pipeline.
The Bad River Band filed a federal lawsuit against Enbridge on July 23 in the Western District of Wisconsin, asking for the section of Line 5 that runs across its reservation to be decommissioned and removed because of the risk of a leak.
“The vast majority of the easements through the reservation extend until 2043; those in question affect only a small fraction of the 12 miles of Line 5 within the reservation. Enbridge has considered re-routing Line 5, and as discussed with the Bad River Band, remains open to this option as a solution,” Enbridge said in a statement.
The 540,000 barrels-per-day pipeline ferries light crude and propane from Alberta to refineries in the Midwest and Ontario and is a critical part of Enbridge’s Mainline network, which delivers the bulk of Canadian oil exports to the United States.
Recommended Reading
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-01-31 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO
2025-01-31 - Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-01-31 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Buying Time: Continuation Funds Easing Private Equity Exits
2025-01-31 - An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.