$900 Million Oil Pipeline Planned To Run Across Arkansas
ARKANSAS (KFSM) – A company known as Plains All American Pipeline L.P. announced a new oil pipeline that will run across Arkansas, according to a post on their website.
The $900 million pipeline is called the Plains Diamond Pipeline, and it will carry oil from Cushing, Okla. to Mephis, Tenn., the post states.
The pipeline will run approximately 440 miles and will be 20 inches thick. When complete, it will be capable of transporting 200,000 barrels of crude oil per day, according to the post.
The map provided by Plains All American Pipeline L.P. shows the pipeline running south of Fort Smith but north of Little Rock.
Economically, the pipeline will produce 1,500 contract construction positions across Oklahoma and Arkansas. When the pipeline is complete, 15 permanent jobs will be completed at locations along the pipeline, the post states.
A total of $11 million in property tax revenue will be collected every year to support communities along the pipeline route, according to the post.
Construction on the pipeline is scheduled to start in late 2015, and it is scheduled to be completed in late 2016, the post states.