The 350,000 b/d Liberty Pipeline proposal, which would have moved oil from the Rockies and Bakken Shale to the Cushing Hub in Oklahoma, has been canceled by sponsor Phillips 66 Partners LP.

The 24-inch diameter system from Guernsey, WY, was deferred last year as Covid-19 knocked out energy demand.

The cancellation was noted in preliminary first quarter results by the partnership, which said it planned to record an impairment of $180-210 million. Last October, the Houston partnership also canceled the Red Oak Pipeline, which had been deferred; it would have moved crude from Cushing to the Texas coast.

Parent Phillips 66 Co. in the first quarter update said the severe winter storms during February “had significant impacts on…operations in the Central and Gulf Coast regions....