Midstream - Pipelines | General News
Energy Transfer's Dakota Access Pipeline Hits 570,000 BPD as Demand Rises
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Energy Transfer LP reported in its Q4 report that its the Bakken Dakota Access Pipeline has hit 570,000 barrels per day in capacity as of January 2019.
This is a +14% jump from Q4 2018 pipeline flows, which were averaging 500,000 BPD.
The company is considering making further expansions on the line to facilitate the continuing increase in demand.
In its Q4 conference call, the company execs commented: "In January of 2019, we completed a successful open season on the Bakken pipeline to bring the current system capacity to 570,000 barrels per day. This capacity is available today with new shipper commitments from the recent open season becoming effective on or before March 1. Continued basin production growth and fourth quarter differentials drove nominations in excess of our available capacity during the fourth quarter. This demand as well as incredible demand from capacity during our recent open season further highlights the need for additional takeaway capacity out of the basin. "
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