DALLAS--(BUSINESS WIRE)--Oct. 19, 2018--
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 Expansion Open Season
(“Expansion Open Season”) to solicit shipper commitments for expanded
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 Expansion Open
Season. The Bakken Pipeline System is operated by a wholly owned
subsidiary of Energy Transfer Operating, L.P.
Expansion Open Season Process
The Expansion Open Season commenced at 2:00 p.m. (Central Time) on
October 19, 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:
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181019005537/en/
Source: Energy Transfer LP
Energy Transfer LP
Bill Baerg, Lyndsay
Hannah, Brent Ratliff, 214-981-0795