- South Bow (TSX:SOBO) shut down the Keystone Pipeline to address a 3,500-barrel oil spill at milepost 171 near Fort Ransom, North Dakota
- Keystone carries oil from Canada to the United States, transporting about 626,000 barrels per day in 2024
- South Bow, a spin-off company of TC Energy, operates 4,900 kilometres (3,045 miles) of crude oil pipelines connecting Alberta resources to U.S. refining markets in Illinois, Oklahoma and the U.S. Gulf Coast
- South Bow stock has added 2.12 per cent since inception in September 2024
South Bow (TSX:SOBO) shut down the Keystone Pipeline to address a 3,500-barrel oil spill at milepost 171 near Fort Ransom, North Dakota. Keystone carries oil form Canada to the United States, transporting about 626,000 barrels per day in 2024, according to South Bow’s year-end financial results.
The shutdown began at 7:44 a.m. CT on April 8, 2025, following a pressure drop identified by the pipeline’s leak detection systems and a notification from a South Bow employee after hearing a loud “mechanical bang,” as reported by The New York Times.
With the ruptured segment now contained, the company is coordinating with onsite staff and the surrounding community to mitigate risk to the environment and all involved. Investors current and prospective can follow the latest updates about the incident on South Bow’s official website.
Tuesday’s oil spill marks the 23rd in Keystone Pipeline history – including four in North Dakota alone – representing a combined total of over 1 million barrels of oil since initiating operations in 2010.
About South Bow
South Bow, a spin-off company of TC Energy, operates 4,900 kilometres (3,045 miles) of crude oil pipelines connecting Alberta resources to U.S. refining markets in Illinois, Oklahoma and the U.S. Gulf Coast.
South Bow stock (TSX:SOBO) is down by 2.60 per cent on the news trading at C$30.29 per share as of 10:35 am ET. The stock has added 2.12 per cent since inception in September 2024.
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(Top image, generated by AI: Adobe Stock)
