trending Market Intelligence /marketintelligence/en/news-insights/trending/k_wnj9lJxc5SaIWFDEBztQ2 content esgSubNav
In This List

Report: Energy Transfer's Bakken pipeline receives approval from Iowa regulator

Blog

Activity Volumes Across the Equity Capital Markets Dropped Significantly in 2022

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Case Study

A Large Energy Company Manages its Exposure with Robust Tools to Assess Creditworthiness and Set Credit Limits

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback


Report: Energy Transfer's Bakken pipeline receives approval from Iowa regulator

EnergyTransfer Partners LP's Dakota Access LLC has received an approvalfrom the Iowa Utilities Board for the construction of the Bakken oil pipelinein the state, The Des Moines Registerreported April 8.

Iowa'sregulatory board voted 3-0 for the issuance of the order declaring thatDakota Access has complied with earlier established conditions and can beginconstruction once it receives federal permits from the U.S. Army Corps ofEngineers and two other plans are filed, the report said.

The state regulator's board has allowed Dakota Access tocontinue placing stakes andclear the path along the 346-mile pipeline route in Iowa given that thecompany provides advance notice to land owners and county inspectors, andreceives permission from land owners with voluntary easements, the report said.

However, the federal permits for the Iowa section of thepipeline may take a few months to garner approval due to the reviews beingconducted by federal agencies, The Registerreported, citing Ward Lentz, Army Corps' regulatory bureau chief for RockIsland District.

The plannedBakken pipeline would move crude oil to Patoka, Ill., about 1,100miles from receipt points in the Bakken/Three Forks production area, andinterconnect with the partnership's 30-inch-diameter Trunkline pipeline.

The company received approvals from regulators in , South Dakota andIllinois, according to the report.

Dakota Access is preparing to begin construction in the fourstates and has already started constructing tank farms in North Dakota, thereport said, citing a statement from the company.