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#StandingRock #NODAPL SMOKING GUN! ..This is why we need the #WaterProtecters

Tuesday, November 1, 2016 19:10
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(Before It's News)

#NODAPL SMOKING GUN! SHARE EVERYWHERE! – YouTube

         

Bakken Pipeline System
http://www.enbridge.com/projects-and-infrastructure/projects/bakken-pipeline-system

As part of Enbridge’s overall strategy to improve market access and boost energy security, Enbridge Energy Partners, L.P. (EEP), has announced an agreement to acquire an equity interest in the Bakken Pipeline System.

As announced on Aug. 2, 2016, EEP and Marathon Petroleum Corporation (Marathon) have formed a new joint venture, which has entered into an agreement to acquire from an affiliate of Energy Transfer Partners, L.P. and Sunoco Logistics Partners, L.P. a 49 percent equity interest in the holding company that owns 75 percent of the Bakken Pipeline System.

Under that arrangement, EEP and Marathon would indirectly hold 75 percent and 25 percent, respectively, of the joint venture’s 49 percent interest in the holding company of the Bakken Pipeline System. The purchase price of EEP’s effective 27.6 percent interest in the Bakken Pipeline System is US$1.5 billion.

The Bakken Pipeline System consists of two projects—the Dakota Access Pipeline (DAPL), and the Energy Transfer Crude Oil Pipeline (ETCOP).

The acquisition extends the reach of Enbridge’s existing crude oil and liquids pipeline network, and fulfills key strategic priorities for Enbridge:
It will provide an important link for producers in the prolific Bakken region to refining markets in the U.S. Midwest and the U.S. Gulf Coast; and
It has the potential to provide improved market access for Enbridge’s customers by establishing a new pipeline path to the U.S. Gulf Coast—via Enbridge’s mainline system; via the newly completed Southern Access Extension pipeline from Pontiac, IL, to Patoka, IL; and via ETCOP.

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