DALLAS--(BUSINESS WIRE)--Mar. 31, 2017--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170331005395/en/
Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
Investor Relations:
Lyndsay
Hannah, Brent Ratliff, Helen Ryoo, 214-981-0795
or
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Relations:
Vicki Granado, 214-981-0761