The Calgary-based pipeline company said nine companies have signed binding 20-year commitments for 465,000 barrels per day of capacity on its proposed Prairie Connector project. The contracts are the result of South Bow’s open season, held earlier this year. The Prairie Connector would use existing pipe from the cancelled Keystone XL project to transport Canadian crude from Hardisty, Alta. to destinations in Wyoming, Oklahoma and the Gulf Coast. (The Logic)

Talking point: Securing long-term contracts with producers is a major step forward for the proposed project, and South Bow says it remains on track to make a final investment decision by mid-2027. Asked on the company’s second quarter earnings call Thursday about recent regulatory developments in Montana—including a setback to partner Bridger Pipeline’s permit application—CEO Bevin Wirzba downplayed the concerns, and described permitting and stakeholder requirements as “par for the course.” He said they had already been factored into the project’s development schedule. 

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