On their earnings call this week, Energy Transfer announced the planned expansion of the Dakota Access Pipeline was placed into service, utilizing its upsized system capacity to deliver more energy, safely. The pipeline is now operating with an upsized system capacity of ~750K bbl/day, up from 570K bbl/day previously. This timely upgrade will serve as an economic stimulant and strengthen America’s energy security by capitalizing on existing infrastructure.
The company also announced service began on the Cushing to Nederland expansion project in June, which provides connectivity to transport crude from the Denver-Julesburg Basin and Cushing, Oklahoma to ET’s Nederland, Texas terminal.
Energy Transfer, and the broader oil and gas industry’s efforts to provide reliable, affordable energy is key to our future. These innovative projects are both environmentally and economically beneficial, and will serve American energy consumers for decades to come.