Energy Transfer Partners LP (NYSE: ETP) has announced the launch of a binding expansion open season to assess additional interest in transportation service on the Dakota Access Pipeline (DAPL) and Energy Transfer Crude Oil Pipeline (ETCOP).
The expansion open season is backed by executed precedent agreements that support an expansion of DAPL from the previously announced 320,000 barrels per day (bpd) to a capacity in excess of 450,000 bpd. Subject to the terms and conditions of the expansion open season, potential shippers will have the opportunity to secure transportation service from strategic receipt points in the Bakken/Three Forks production area in North Dakota to key refinery and terminalling hubs in the Midwest and Gulf Coast. Separately, potential shippers will have the opportunity to secure transportation service from the Bakken/Three Forks production area to the Cushing hub in Oklahoma.
ETP is based in Dallas.
Recommended Reading
Vår Energi Hits Oil with Ringhorne North
2024-04-17 - Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
Orange Basin Serves Up More Light Oil
2024-03-15 - Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.
E&P Highlights: March 11, 2024
2024-03-11 - Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Sinopec Brings West Sichuan Gas Field Onstream
2024-03-14 - The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.