Wednesday, January 2, 2013

Bakken Pipeline News - First Quarter 2013

2/15/2013  Enbridge Inc and Energy Transfer have announced they have entered into an agreement on the terms for the joint development of a project to provide crude oil pipeline access to the eastern Gulf Coast refinery market from the Patoka, Illinois hub.  More

1/2/2013  Seaway Crude Oil Pipeline Company LLC  announced today that final work is being performed in preparation for the increase in capacity from approximately 150,000 barrels per day (“BPD”) to approximately 400,000 BPD.  In order to complete the remaining pump station connections, transportation service has been suspended on the 500-mile, 30-inch diameter pipeline and is expected to resume operations at full rates by the end of next week.  Seaway Crude Pipeline Company LLC is a 50/50 joint venture owned by affiliates of Enterprise Products Partners (NYSE: EPD) and Enbridge Inc. (NYSE/TSX: ENB). In addition to the pipeline that transports crude oil from Cushing to the Gulf Coast, the Seaway system is comprised of a terminal and distribution network originating in Texas City, Texas, which serves refineries locally and in the Houston area.  The Seaway system also includes dockfacilities at Freeport and Texas City.  For additional information, please visit www.seawaypipeline.com.    

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