Energy Transfer Partners LP said on Feb. 23 that 99% of its Dakota Access Pipeline is complete after receiving all federal authorizations necessary earlier this month.
The crude pipeline will begin or continue line fill in late March or early April, according to executives on its fourth-quarter earnings call. It will then begin "demand charges" on subscribed volumes by June 1.
Native Americans and environmental activists have said the pipeline threatens the water resources and sacred land of the Standing Rock Sioux Tribe, but President Donald Trump has quickly pushed for the completion of the pipeline since taking office last month.
The pipeline will carry Bakken crude from North Dakota through the Midwest, and then be transported through a connecting pipe into the U.S. Gulf Coast.
The company added that it had not yet launched its next open season for additional shippers, but expects to do so in the next 30 to 60 days. It said it remains in dialogue with potential shippers currently.
Meanwhile, Energy Transfer added that work on the 24-in. (61-cm) segment on the Bayou Bridge pipeline project from Lake Charles to St. James in Louisiana is ahead of schedule and expects to start deliveries in the fourth quarter.
Recommended Reading
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
US Refiners to Face Tighter Heavy Spreads this Summer TPH
2024-04-22 - Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
What's Affecting Oil Prices This Week? (April 22, 2024)
2024-04-22 - Stratas Advisors predict that despite geopolitical tensions, the oil supply will not be disrupted, even with the U.S. House of Representatives inserting sanctions on Iran’s oil exports.
Association: Monthly Texas Upstream Jobs Show Most Growth in Decade
2024-04-22 - Since the COVID-19 pandemic, the oil and gas industry has added 39,500 upstream jobs in Texas, with take home pay averaging $124,000 in 2023.
Shipping Industry Urges UN to Protect Vessels After Iran Seizure
2024-04-19 - Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East.