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Dakota Access Pipeline now in service, Energy Transfer says

Jun. 01, 2017 9:29 AM ETEnergy Transfer LP Common Units (ET) StockBy: Carl Surran, SA News Editor125 Comments
  • Energy Transfer Partners (ETP) says the Dakota Access Pipeline system, which prompted sustained protests from Native American and environmental activists, is now in commercial service, transporting crude oil from the Bakken/Three Forks productions areas in North Dakota to the Patoka, Ill., storage and terminalling hub.
  • ETP says the 1,872-mile pipeline system was developed at a combined cost of $4.78B, and has commitments, including shipper flexibility and walk-up, for ~520K bbl/day.
  • ETP is the lead developer with a 38.25% interest, MarEn Bakken Co. - owned by MPLX and Enbridge Energy Partners (EEP) - owns 36.75%, and Phillips 66 (PSX) owns 25%.

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