Study: Analysis says pipeline construction will add $1 billion to Iowa economy

A Texas company would spend $1.1 billion and $820 million in Iowa and South Dakota, respectively, to build a crude oil pipeline across the two states, according to a new analysis of the project.

Energy Transfer Partners has asked state regulators in four states for permission to construct a 1,134-mile pipeline to move 570,000 barrels of crude daily from the Bakken oil fields in western North Dakota to a major shipping depot in Patoka, Ill.