CenterPoint Energy Inc. is gauging interest in a new crude oil gathering and transportation pipeline system in North Dakota. The company announced Feb. 19 that CenterPoint Energy Bakken Crude Services LLC, an indirect, wholly-owned subsidiary of CNP, has commenced an open season to solicit binding long-term volume commitments from customers.
The system will gather crude oil from points located in North Dakota’s Dunn and McKenzie counties and transport it to interconnections with interstate markets. The open season provides potential shippers with the opportunity to make long-term volume commitments of at least 1,000 barrels per day (bpd) for crude oil gathering and transportation service over the system. Binding offers for service should be received by 5 p.m. Central Time on March 29.
CenterPoint Energy, headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission and distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines and field services operations. The company serves more than 5 million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma and Texas. Assets total more than $22 billion. With more than 8,800 employees, CenterPoint Energy and its predecessor companies have been in business for more than 135 years.