Dakota Access, LLC, a subsidiary of Energy Transfer Crude Oil Company, LLC, is developing a new pipeline to transport crude oil from the Bakken/Three Forks play in North Dakota to a terminus in Illinois with additional potential points of destination along the pipeline route. Highlights of the Project include:
- The pipeline will translate into millions in state and local revenues during the construction phase and an estimated $156 million in sales and income taxes.
- The Dakota Access Pipeline Project is a $3.7 billion investment into the United States directly impacting the local and national labor force by creating 8,000–12,000 construction jobs and up to 40 permanent operating jobs.
- The committed volume rates of the pipeline project have already created historically high shipment ratios, with the pipeline projected to carry half of the Bakken’s current daily crude oil production.
- The pipeline will meet or exceed state and federal safety requirements and at a minimum will be designed in accordance with 49 Code of Federal Regulations Part 195.