Energy Transfer Partners, L.P. (ETP) has announced that the Dakota Access pipeline (DAPL) and the Energy Transfer Crude Oil pipeline (ETCO), collectively the ‘Bakken pipeline’, are in commercial service under the Committed Transportation Service Agreements through their respective pipeline systems.
The Bakken pipeline, owned by Dakota Access, LLC and Energy Transfer Crude Oil Company LLC, respectively, is a 1872-mile, mostly 30 in. pipeline system that transports domestically produced crude oil from the Bakken/Three Forks productions areas in North Dakota to a storage and terminalling hub outside Patoka (Illinois) and/or down to additional terminals in Nederland (Texas).
The Bakken pipeline is a joint venture between ETP, with 38.25% interest, MarEn Bakken Company LLC (MarEn), with a 36.75% interest, and Phillips 66 with a 25% interest.
DAPL and ETCO, developed at a combined cost of approximately US$4.78 billion, have commitments of approximately 520 000 bpd. This is up from 470 000 bpd due to the successful Supplemental Open Season, which was held earlier this year. The open season committed an additional 50 000 bpd. The combined system is expandable to a capacity of approximately 570 000 bpd. The pipeline will transport light, sweet crude oil from North Dakota to major refining markets in a more direct, cost-effective, safer and more environmentally responsible manner than other modes of transportation, including rail or truck.
Read the article online at: https://www.worldpipelines.com/business-news/01062017/bakken-pipeline-system-is-now-in-service/