The Dakota Access Pipeline has been online since June, and early indicators suggest that it’s reduced the cost of delivering North Dakota oil to market and added revenue to the state’s tax collections. But is it a game changer for the Bakken play? According to this Washington Post article featured in the Grand Forks Herald,
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The Associated Press has done the math, and their results show the pipeline may add as much as $110 million to state coffers annually. The AP paints the issue in the light that ND leaders were in favor of the pipeline because of the dollars. Commentary: if that’s the case, is there anything wrong with
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With the political obstructions cleared by the Trump Administration and the #NoDAPL protest winding down, the construction of the pipeline under the lake has moved forward and is nearing completion. There are court proceedings still taking place, but a status report filed by Dakota Access indicates oil could be flowing as early as March 6.
Read & Share sourced from: Bismarck Tribune
One of the Standing Rock Sioux Tribe’s initial arguments against the Dakota Access Pipeline was its proximity to the reservations water intake structure, but as of the new year, water for the reservation communities will be pulled from a new location more than 70 miles downstream of the pipeline. Ernest Scheyder with Reuters has the
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Energy Transfer Partners, a key player in the construction of the Dakota Access Pipeline, is being acquired by Sunoco Logistics Partners L.P. Kelsey Warren, current Chairman of Energy Transfer will be the CEO of the new company.
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North Dakota oil production is down below a million barrels a day, and the State’s Mineral Resources Director Lynn Helms suspects uncertainty over the Dakota Access pipeline may be a factor. Getting North Dakota oil to market costs approximately $12-25 per barrel currently. When the pipeline comes online, that rate is expected to fall to
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A #NoDAPL protestor was arrested yesterday for pulling a revolver and firing it at police officers at the scene. No one was injured in this incident, but there was another firearms incident with an injury not involving law enforcement. All told, there were more than 130 arrests yesterday. Rob Port has the story.
Read & Share sourced from: Say Anything Blog.com
Citing the 1851 Treaty of Fort Laramie, protestors against the Dakota Access Pipeline relocated one of their camps to the private ranch land recently purchased by Dakota Access. Caroline Grueskin of the Bismarck Tribune has the full story.
Read & Share sourced from: Bismarck Tribune
