Energy Transfer Partners (ETP) said today that its Dakota Access Pipeline system has started commercially transporting crude oil.
The oil will flow from the Bakken/Three Forks production areas in North Dakota to a storage and terminal hub outside Patoka, IL and/or down to additional terminals in Nederland, TX, the firm said.
Dallas-based Energy Transfer Partners added that the 1,872-mile pipeline system was developed at a combined cost of $4.78 billion, and has commitments, including shipper flexibility and walk-up, for roughly 520K bbl/day.
Shares of Energy Transfer Partners were higher during early-morning trading on Thursday.
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