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Saturday, October 8, 2016

A Sixth Pipeline Company Wants To Tap Into The DAPL -- October 8, 2016

From The Seattle Times, October 7, 2016:
  • Epping Transmission Company
  • proposes a $6.5 million project to connect its Epping Station and Divide Mainline Pipeline to DAPL
  • Epping is located a few miles northeast of Williston
  • Epping has become a surprising center of activity in the Bakken
  • there is also a CBR terminal in Epping (seldom used now according to locals)
  • the Epping addition would add 30,000 bopd to the DAPL
  • with the additional Epping contribution, the DAPL would move 470,000 to 570,000 bopd
To put that in perspective, here are some data points for the Trans-Alaska Pipeline:
  • theoretical maximum capacity: 2.03 million bopd
  • 2012 flow rate: 600,000 bopd (significantly lower than capacity)
  • built between 1974 and 1977 (after the 1973 oil crisis)
  • first bbl traveled through the pipeline in 1977
  • as of 2010, the pipeline had shipped almost 16 billion barrels
  • it was estimated that between 200 million and 500 million bbls would have to be recovered in the North Slope to make the pipeline economical
Unfettered, the Bakken will produce that much oil in a year. Currently, the Bakken is producing about 1 million bopd, i.e., 365 million bbls/year.

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