UNDATED (WSAU-Wheeler News) Marathon Petroleum has agreed to pay for over a-third of the cost of building the proposed new pipeline from the North Dakota oil fields to northwest Wisconsin.
Marathon said it would cover 37-and-a-half percent of the estimated $2.6-billion cost for building the Sandpiper line. It's due to open in 2016 from the Bakken oil fields in North Dakota to the Enbridge Energy terminal in Superior. In exchange for Marathon's contribution, the oil company will get a 27-percent interest in Enbridge's total pipeline system in North Dakota. The companies said Marathon could increase that share to 30-percent with investments in future improvements. Marathon will be an anchor shipper for the new 610-mile pipeline. The company is the nation's fourth-largest refiner.