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Daugaard Says Oil Refinery Near Elk Point Unlikely

May 7, 2013, 5:34 PM

Daugaard Says Oil Refinery Near Elk Point Unlikely
SIOUX FALLS, SD -

South Dakota Governor Dennis Daugaard says it's unlikely that an oil refinery will be built near Elk Point.

Daugaard says Hyperion is sending a pretty clear signal about the future of its project by letting the land options expire in Union County.

The Texas-based company proposed the $10 billion oil refinery - known as the gorilla project - back in 2007. But after years of court battles the future is bleak.

"My understanding, my believe is that they would have operated responsibly and I regret that we don't have that economic development,” Daugaard said.

Voters in Union County approved the project in 2008.

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