Bakken pipeline enters commercial service
Energy Transfer Partners, L.P. recently announced that the Bakken Pipeline, which consists of the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline (ETCO), are in commercial service.
Dakota Access, LLC and Energy Transfer Crude Oil Company LLC own the Bakken Pipeline, which stretches for 1,872 miles. The mostly 30-inch pipeline system transfers domestically produced crude oil from the Bakken and Three Forks productions areas in North Dakota to a storage and terminalling hub outside Patoka, Illinois and to terminals in Nederland, Texas.
The Bakken Pipeline is a joint venture between Energy Transfer Partners has a 38.25 percent interest in the joint venture. MarEn Bakken Company LLC (MarEn) has a 36.75 percent interest and Phillips 66 has a 25 percent interest. MarEn is owned by MPLX LP and Enbridge Energy Partners, L.P.
The Bakken Pipeline was developed at a cost of approximately $4.78 billion. Dakota Access and ETCO have commitments for approximately 520,000 barrels per day. The combined system has a capacity of approximately 570,000 barrels per day.
The $3.8 billion Dakota Access comprises approximately 1,172 miles of 30-inch diameter pipeline in North Dakota, South Dakota, Iowa and Illinois. Dakota Access transports crude oil from six terminal locations in North Dakota to the hub near Pakota, Illinois.
From there, it can be delivered to the ETCO pipeline and transported to the Gulf Coast or to the Midwest via other pipelines. ETCO consists of more than 700 miles of mostly 30-inch converted natural gas pipeline and reaches from Pakota to Nederland, Texas.
