Enterprise Products Partners LP announced that it would hold a binding open season to determine shipper demand for capacity on its proposed crude oil pipeline from North Dakota to Cushing, Okla.
The pipeline would originate in the Williston Basin in North Dakota and also serve the Powder River and Denver-Julesburg Basins. The pipeline, known as the Bakken-to-Cushing Pipeline, would be 30 inches in diameter and extend for about 1,200 miles to the Cushing hub in Oklahoma. Currently, the pipeline’s design gives it an initial capacity of about 340,000 barrels per day (bbl/d) of crude oil, and makes it expandable to more than 700,000 bbl/d. The pipeline would have the capability to transport up to six grades of crude oil and products, including Rockies condensate and processed condensate.
Subject to sufficient firm commitments, the pipeline is expected to begin service in fourth-quarter 2016, and should be fully operation by third-quarter 2017. The open commitment period began on Sept. 4 and will close on Oct. 17 at 5 p.m. Central Daylight Time.
Recommended Reading
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.
NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter
2024-02-02 - Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.
Sherrill to Lead HEP’s Low Carbon Solutions Division
2024-02-06 - Richard Sherill will serve as president of Howard Energy Partners’ low carbon solutions division, while also serving on Talos Energy’s board.
Magnolia Appoints David Khani to Board
2024-02-08 - David Khani’s appointment to Magnolia Oil & Gas’ board as an independent director brings the board’s size to eight members.