Energy Transfer Announces Binding Expansion Open Season for the Bakken Pipeline System
DALLAS--(BUSINESS WIRE)--Oct 19, 2018--Energy Transfer LP (NYSE: ET) today announced that its subsidiaries Dakota Access, LLC (“Dakota Access”) and Energy Transfer Crude Oil Company, LLC (“ETCO”) launched a Binding Expansion Open Season (“Expansion Open Season”) 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 through their respective pipeline systems (collectively, the “Bakken Pipeline System”). Dakota Access and ETCO anticipate that incremental capacity on the Bakken Pipeline System will be determined based on committed subscriptions made by shippers during the Expansion Open Season. The Bakken Pipeline System is operated by a wholly owned subsidiary of Energy Transfer Operating, L.P.
Expansion Open Season Process
The Expansion Open Season commenced at 2:00 p.m. (Central Time) on October 19, 2018.
Bona fide potential shippers that desire to receive copies of the open season documents are required to execute a confidentiality agreement and may direct their requests for a confidentiality agreement to the following e-mail address:
About the Bakken Pipeline System
The Bakken Pipeline System, which went into service on June 1, 2017, is a 1,915-mile, mostly 30-inch pipeline system that transports domestically produced crude oil from the Bakken/Three Forks production areas in North Dakota to a storage and terminalling hub outside Patoka, Illinois, and/or south to additional terminals in Nederland, Texas. The Bakken Pipeline System is owned by multiple parties and is operated by a wholly-owned subsidiary of ET.
About the Partnerships
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 39.7 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at www.energytransfer.com.
Energy Transfer Operating, L.P. owns and operates one of the largest and most diversified portfolios of energy assets in the United States. Strategically positioned in all of the major U.S. production basins, its core operations include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. Energy Transfer Operating, L.P.’s general partner is owned by Energy Transfer LP (NYSE: ET). For more information, visit the Energy Transfer website at www.energytransfer.com.
The information contained in this press release is available on our website at energytransfer.com.
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CONTACT: Energy Transfer LP
Bill Baerg, Lyndsay Hannah, Brent Ratliff, 214-981-0795
Vicki Granado, 214-840-5820
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS NORTH DAKOTA TEXAS
INDUSTRY KEYWORD: ENERGY OIL/GAS TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Energy Transfer LP
Copyright Business Wire 2018.
PUB: 10/19/2018 03:00 PM/DISC: 10/19/2018 03:00 PM