Energy Transfer Partners Announces Binding Expansion Open Season for the Bakken Pipeline System
March 01 2018 - 1:00PM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) 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 joint tariff
transportation service from the Bakken/Three Forks play in North
Dakota to storage terminals located in 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 ETP.
Expansion Open Season Process
The Expansion Open Season commenced at 12:00 p.m. (Central Time)
on March 1, 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:
dlDA_ETCO@energytransfer.com
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 ETP.
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. Strategically positioned in all of the major U.S.
production basins, ETP owns and operates a geographically diverse
portfolio of 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 assets; and various
acquisition and marketing assets. 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.
The information contained in this press release is available on
our website at www.energytransfer.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180301006221/en/
Energy TransferInvestor Relations:Helen Ryoo,
214-981-0795orLyndsay Hannah, 214-981-0795orBrent Ratliff,
214-981-0795orMedia Relations:Vicki Granado, 214-840-5820
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