Bakken-to-Cushing Crude Oil Pipeline: Demand Assessment
Enterprise Products Partners says it has started a binding open commitment period to determine shipper demand for capacity on a proposed new pipeline that would originate in the Williston Basin of North Dakota and also serve the Powder River and Denver-Julesburg (“DJ”) Basins.
The 30-inch diameter pipeline would extend approximately 1,200 miles to the Cushing hub in Oklahoma and 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 DJ-to-Cushing portion 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 commitment period begins at 9 a.m. CDT September 4, 2014 and will close October 17, 2014 at 5 p.m. CDT. For commercial inquiries, please contact Brent Secrest at 713-381-2545 or [email protected]; or Greg Mills at 713-381-4079 or [email protected].
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.
Additional information is available at http://www.enterpriseproducts.com/btcpipeline/.
