Energy Transfer Announces Binding Supplemental Open Season for Bakken Pipeline Transport
March 31 2017 - 9:00AM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) today announced
that Dakota Access, LLC (“Dakota Access”) and Energy Transfer Crude
Oil Company, LLC (“ETCO”) have launched a Binding Supplemental
Open Season (“Supplemental Open Season”) to solicit shipper
commitments for transportation service for Bakken/Three Forks
production to reach multiple markets through their respective
pipeline systems (collectively, the "Bakken Pipeline"). Dakota
Access and ETCO, the entities responsible for developing, owning,
and operating the Bakken Pipeline, each anticipate that incremental
transport capacity for Bakken/Three Forks production will be
determined based on committed subscriptions made by shippers during
the Supplemental Open Season.
The Supplemental Open Season includes local tariff service on
the Dakota Access pipeline from the Bakken/Three Forks play to
Patoka, Illinois. It also provides interested parties with the
opportunity for joint tariff service from the Bakken/Three Forks
play to Nederland, Texas, through a commitment to both the Dakota
Access and ETCO pipeline systems.
Supplemental Open Season Process
The Supplemental Open Season commenced at 12:00 p.m. (CDT) on
March 29, 2017.
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:
dlDA_ETCO@energytransfer.com
Energy Transfer Partners, L.P. (NYSE: ETP) is a master
limited partnership that owns and operates one of the largest and
most diversified portfolios of energy assets in the United States.
ETP’s subsidiaries include Panhandle Eastern Pipe Line Company, LP
(the successor of Southern Union Company) and Lone Star NGL LLC,
which owns and operates natural gas liquids storage, fractionation
and transportation assets. In total, ETP currently owns and
operates more than 62,500 miles of natural gas and natural gas
liquids pipelines. ETP also owns the general partner, 100% of the
incentive distribution rights, and approximately 67.1 million
common units of Sunoco Logistics Partners L.P. (NYSE: SXL), which
operates a geographically diverse portfolio of pipelines,
terminalling and acquisition and marketing assets. ETP recently
acquired the general partner, 100% of the incentive distribution
rights, and an approximate 65% limited partnership interest in
PennTex Midstream Partners, LP (Nasdaq: PTXP), which is a
growth-oriented master limited partnership that provides natural
gas gathering and processing and residue gas and natural gas
liquids transportation services to producers in northern Louisiana.
ETP’s general partner is owned by Energy Transfer Equity, L.P.
(NYSE: ETE). For more information, visit the Energy Transfer
Partners, L.P. website at www.energytransfer.com.
Forward-Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in ETP’s Annual Reports on Form 10-K
and other documents filed from time to time with the Securities and
Exchange Commission. ETP undertakes no obligation to update or
revise any forward-looking statement to reflect new information or
events.
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version on businesswire.com: http://www.businesswire.com/news/home/20170331005395/en/
Energy Transfer Partners, L.P.Investor Relations:Lyndsay
Hannah, Brent Ratliff, Helen Ryoo, 214-981-0795orMedia
Relations:Vicki Granado, 214-981-0761
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