Enterprise Products Launches Open Season for Bakken Pipeline
Enterprise Products Partners LP is gauging interest in a 1,200-mile, 30-in. pipeline from the Bakken shale to Cushing, Oklahoma. The company announced the start of a binding open commitment period to determine shipper demand for capacity on the proposed pipeline.
The project would originate in the Williston Basin of North Dakota, while also serving the Powder River and Denver-Julesburg basins, and extend to the Cushing hub. The pipeline is currently designed to have an initial capacity of approximately 340,000 barrels per day (bpd) of crude oil, expandable to more than 700,000 bpd.
The Bakken-to-Cushing 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 customer commitments, the pipeline is expected to begin service in stages, starting with the portion from Denver-Julesburg to Cushing in the fourth quarter of 2016, and should be fully operational by the third quarter of 2017.
“This pipeline offers a reliable, safe and economical solution that promotes continued development of some of our nation’s most prolific producing areas and reduces the need for imports of crude oil,” said A.J. “Jim” Teague, executive vice president and chief operating officer of Enterprise’s general partner. “By leveraging the capabilities of our existing midstream network, the Bakken-to-Cushing pipeline would provide flow assurance and market choice. At Cushing, shippers would have access to one of the most liquid crude oil trading hubs in the world, as well as a comprehensive network of storage and pipelines serving the U.S. Gulf Coast refining complex and waterborne transportation options.”
The open season began Sept. 4 and will close Oct. 17.
Tags: Bakken, Bakken-to-Cushing Pipeline, Enterprise Products Partners, pipeline project
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