Another Bakken Pipeline Announced -- Energy Transfer Partners; 1,100 Miles, North Dakota To Patoka, IL
Earlier today
I posted a long note, a part of which:
Motley Fool has an article on EPD's plan to build a "Bakken-to-Cushing" pipeline but it's pretty much an advertisement for their newsletter. This is all it says about the question whether EPD will succeed:
It won't be easy, as most oil and gas producers in the region are more
interested moving oil to the East and West coasts than to the storage
hub in Cushing. However, there are a couple things working in
Enterprise's' favor this time. Tune into the video below to find out why
Enterprise may have a leg up on ONEOK and Energy Transfer Partners this
time, as well as the challenges Enterprise will face in this endeavor.
Now this,
from The Dickinson Press later today:
Energy Transfer Partners announced this week it has commitments from
shippers to move forward with an 1,100-mile crude oil pipeline from
North Dakota to Patoka, IL.
The Bakken Pipeline would transport 320,000 barrels of Bakken oil per
day to Illinois, where shippers would be able to access markets in the
Midwest or connect with markets on the East Coast or Gulf Coast.
The announcement comes on the heels of Gov. Jack Dalrymple’s Pipeline
Summit, during which he said the state’s crude oil pipeline capacity is
expected to hit 1.4 million barrels of crude per day by the end of 2016,
more than double the current capacity.
Zack's article on same story:
Energy Transfer Partners LP has received approval from its board of directors to manufacture a
roughly 1,100-mile pipeline (Bakken Pipeline). The publicly traded
energy pipeline operator will transport crude oil from the oil producing
region in the Bakken shale to Patoka, IL. Bakken Pipeline will
thereafter join the partnership’s existing Trunkline Pipeline
(Trunkline).
Energy Transfer Partners added that the shippers will get the
opportunity to access the Midwest and East Coast markets by transporting
crude from Patoka via rail. The shippers can also use the Trunkline to
carry crude to the Gulf Coast market and Sunoco Logistics Partners LP’s crude oil terminal at Nederland, TX.
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