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Permian Basin oil field. Blake.Thornberry / Flickr / CC BY-NC-ND 2.0

ExxonMobil and Plains All American Pipeline announced Tuesday a joint pursuit to construct a multi-billion dollar pipeline that will transport more than 1 million barrels of crude oil and condensate per day from the oil-rich Permian Basin to the Texas Gulf Coast, the Houston Chronicle reported.

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The Buffalo Pipeline, owned by Houston-based Plains All American Pipeline, L.P., leaked approximately 450 barrels, or roughly 18,900 gallons, of crude oil onto farmland in Kingfisher County, Oklahoma last week.

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