Dakota Access Starts Expansion Open Season
Energy Transfer LP's Dakota Access and Energy Transfer Crude Oil Company (ETCO) subsidiaries launched a binding open season Friday to solicit shipper commitments for expanded transportation service from the Bakken/Three Forks play in North Dakota to storage terminals located in Patoka, Illinois, and Nederland, Texas.
ET's combined 1,915-mile Bakken Pipeline System includes the ETCO pipeline and Dakota Access pipeline (DAPL), an 1,172-mile, 30-inch crude oil line originating at six terminal locations in the North Dakota counties of Mountrail, Williams and McKenzie and delivering to a hub outside of Patoka, Illinois.
Although it did not describe the size of expansion in its open-season announcement, ET has previously said that DAPL is expandable to 570,000 barrels per day with pump station modifications.
DAPL went into service and began collecting demand charges on its initial committed capacity on June 1, 2017. It had commitments, including shipper flexibility and walkup, for an initial capacity of 470,000 barrels per day and increased that total to about 525,000 with an open season in early 2017.
ETCO consists of more than 700 miles of mostly 30-inch converted natural gas pipeline from Patoka, Illinois to Nederland, Texas, where the crude oil can be refined or further transported to additional refining markets.
The Bakken expansion open season was announced as the merger of Energy Transfer Equity and Energy Transfer Partners was completed on Friday. As a result of that transaction, ETE was renamed Energy Transfer LP and its common units began trading under the symbol "ET" on the New York Stock Exchange Friday. ETP changed its name to Energy Transfer Operating L.P.
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