American Midstream Partners LP (NYSE: AMID) announced a binding open season on June 26 for volume commitments from existing receipt points on the company’s Bakken pipeline system to a newly constructed delivery point interconnecting into the Dakota Access Pipeline (DAPL) in Watford City. The open season ends on July 17.
The Bakken System is an established FERC-regulated, crude oil transportation pipeline in McKenzie County, N.D., backed by a long-term acreage dedication with a key producer. American Midstream intends to expand capacity of its current Bakken System to over 40,000 barrels per day (Mbbl/d) of crude oil from field receipt points and numerous local lease tank batteries through its truck facility south of Watford City for delivery into DAPL.
The new connection into DAPL is expected to commence service in August 2017. American Midstream also provides hydrogen sulfide treating in the Bakken System, allowing customers to meet pipeline specifications for crude oil delivery. Recent additions to the system and the new connection to DAPL will increase capacity by an incremental 20 Mbbl/d.
During the binding open season, AMID intends to obtain long-term volume commitments for crude oil transportation to this newly constructed delivery point. Successful bidders will be awarded long-term pipeline transportation capacity to the DAPL delivery point.
All requests for open season documents, presentation of bids, and other correspondence should be directed to:
Philip Weigand
Commercial Manager, Bakken (346) 241-3569
pweigand@americanmidstream.com
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