OIL & GAS: New Strands

OIL & GAS

Two companies last week announced new strands for the spiderweb of pipelines pushing out at spectacular speed all over the U.S. Texas Gas Transmission Corp., whose pipeline runs from fields in East Texas and Louisiana to Middletown, Ohio, will add 580 miles of 26-in. feeder pipelines to bring another 200 million cubic feet of gas a day to the Midwest. Cost: $42.3 million. To increase the supply of fuel oil in the Midwest, Sinclair Pipe Line Co. plans to build a 700-mile, 22-in. pipeline from Drumright, Okla. to its refineryin East Chicago. Capacity: 145,000 barrels a day. Cost: $48 million.