07/15/2019 | Press release | Distributed by Public on 07/15/2019 11:02
DALLAS--(BUSINESS WIRE)--Jul. 15, 2019-- 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 Supplemental Open Season ('Open Season') to solicit additional shipper commitments for 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 Open Season in addition to commitments already received for future capacity during the previous open season that concluded in December 2018. The Bakken Pipeline System is operated by a wholly owned subsidiary of Energy Transfer Operating, L.P.
Open Season Process
The Open Season commenced at 12:00 p.m. (Central Time) on July 15, 2019.
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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Source: Energy Transfer LP