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South Dakota Keystone XL update

Press Release

The South Dakota Oil and Gas Association (SDOGA) announces TransCanada’s Larry Scheuerman, Director of Project Development for the Keystone XL pipeline project will be a featured speaker at the 2014 Black Hills Bakken and Investor Conference October 1 and 2.  The conference will be held at the Spearfish Holiday Inn Convention Center in Spearfish, S.D.

Scheuerman is responsible for the development of non-regulated Canadian and US oil and gas projects including pipelines and facilities from prospect to commencement of implementation.  Scheuerman brings over 35 years experience in oil and gas pipeline and facility construction and project development completing several projects within North America and internationally.  Scheuerman will give attendees to the conference a highly anticipated update discussing the opportunities and future of the Keystone XL pipeline in South Dakota and the northern portion of the project.

According to the U.S. Department of State’s FSEIS, the Keystone XL project spending would support approximately 42,100 jobs (direct, indirect, and induced), and approximately $2 billion dollars in earnings throughout the United States. Of these jobs, approximately 3,900 would be direct construction jobs in the proposed project area, which includes South Dakota.  Property tax revenue during operations would be substantial for many counties, with an increase of 10 percent or more in 17 of the 27 counties with proposed Project Facilities.

Related: Keystone XL Opponents Running Out of New Ideas

South Dakota Oil and Gas Association’s Executive Director Adam Martin states, “We are excited to have Mr. Scheuerman speaking.  This update comes at a critical time in United States and South Dakota history.  The project would help support economic growth in our smaller rural communities and create good paying jobs with needed health benefits.  The delays to approve the Keystone XL project continue to make it harder for our farmers and ranchers to have grain products like corn and soybeans delivered by rail.  Unfortunately the longer the project is delayed, the rising costs to construct the pipeline will result in those costs being passed down to the consumer.  It’s a counter-productive delay that will end up costing our farmers, ranchers, and the American taxpayer.  We’ve lost too many opportunities by the delay, and we need the infrastructure.  We need to get these opportunities back.  It’s time to approve and build the Keystone XL.”

Sources: http://keystonepipeline-xl.state.gov/documents/organization/221135.pdf

More information about speakers of the conference can be found at: www.BlackHillsBakkenConference.com .

 

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