Enverus Home docFinder M&A Learn More Videos About Us Contact Us Register

Log In

Username (email)

Password

Remember Me Forgot Password?

or Sign Up Now!

New Search* Back to Results
Note: Only one slide is currently available because you are not currently logged in.

Energy Transfer Partners | November 2016 Sunoco Logistics Partners Transaction | Kelcy Warren; Mackie McCrea; Matt Ramsey; Tom Long | Page 21 of 11 | November 21, 2024

Save Email Print View in Results

toolButton prevButton nextButton prevKeyButton nextKeyButton prevKeyButton nextKeyButton byDateAscButton byDateDescButton byCompanyNameAscButton byCompanyNameDescButton hidden hidden		Document: "November 2016 Sunoco Logistics Partners Transaction" View Full Document		× Search Selection Search by Text Search Search by Slide Search Cross reference your docFinder results against PLS' extensive news archives. For demo or training contact Melwyn Oommen, melwyn.oommen@drillinginfo.com
Slides may show historical information no longer relevant. All slides to be viewed in context of the entire presentation and time. See Legal Disclaimer.

First Previous Zoom Next Last

Bakken Pipeline 21 • Dakota Access Pipeline will connect Bakken production to Patoka, IL with interconnection to Energy Transfer Crude Oil Pipeline (Trunkline conversion) to reach Nederland and the Gulf Coast – Supported by long-term, fee-based contracts with large, creditworthy counterparties – Currently expected to deliver in excess of 470,000 barrels per day – Expandable to 570,000 barrels per day Note: Gross JV project cost where applicable (1) 686 miles of converted pipeline + 68 miles of new build. (2) Bakken Crude Pipelines owned 45% ETP, 30% SXL (operator), 25% P66 (post closing of Bakken equity sale, ownership will be ETP and SXL- 38.25%, MarEn- 36.75%, and P66- 25%). Project Details 1,172 miles of new 30” Trunkline Conversion 754 miles (1) of 30” to crude service Delivery Points Origin Sites Dakota Access Pipeline Energy Transfer Crude Oil Pipeline Bayou Bridge Pipeline Nederland Terminal Project Average Asset Cost Contract Project Name Type Miles ($bn) Ready for Service Duration Dakota Access (2) Crude pipelines 1,172 ETCO Pipeline (2) Crude pipelines 754 (1) 1H 2016 $4.8 9 yrs • ETP, SXL and Phillips 66 announced the successful completion of the project-level financing of jointly-owned Bakken Pipeline Project • ETP and SXL have signed an agreement to sell 36.75% of the Bakken Pipeline Project to MarEn Bakken Company LLC (MarEn), an entity jointly owned by Enbridge Energy Partners and Marathon Petroleum Corporation, for $2 billion in cash • Expected to close in the fourth quarter of 2016 or first quarter of 2017, subject to certain closing conditions • Upon closing, a subsidiary of Marathon Petroleum has committed to participate in a forthcoming Dakota Access/Energy Transfer Crude Oil Pipeline open season, and subject to the terms and conditions of the open season, make a long-term volume commitment on the Bakken Pipeline Project. The new open season was launched on August 12, 2016 • Upon closing, the ownership of the Bakken Pipeline Project will be: ETP and SXL - 38.25%, MarEn - 36.75%, and Phillips 66 - 25% Recent Developments Project highlights synergistic nature of ETP and SXL crude platforms and creates additional growth opportunities and market diversification