Due to Trump’s memorandum that cancels the environmental impact review ordered by Obama, the illegal Dakota Access Pipeline is, unfortunately, one step closer to completion. Native American tribes, clean water activists, and environmental activists will continue to oppose the pipeline and block the construction. Multiple lawsuits in opposition to DAPL will also delay or hopefully halt the construction.
You may think Energy Transfer Partners (ETP), the company building the pipeline, would be hurt financially by the delayed construction.
However, according to Tyler Rosenlicht, an energy infrastructure portfolio manager, existing pipelines become more valuable when it becomes tougher to build new ones. In an interview with Barron’s he explains:
Because it has gotten so difficult to build a new one, the existing asset base is naturally worth more.
So, how many total miles of existing natural gas and crude oil pipelines does Energy Transfer have a stake in? OVER 70,000 MILES! Here’s a list of the “existing asset base” they own all or a percentage of:
Sunoco Logistics: 5900 miles crude oil, 900 miles natural gas liquids, 1800 miles refined products
Florida Gas Transmission Pipeline: 5,325 miles of interstate natural gas pipeline
Transwestern Pipeline: 2,600 miles of interstate natural gas pipeline
Panhandle Eastern Pipe Line: 6,000 miles of interstate natural gas pipeline
Trunkline Gas Company: 2,000 miles of interstate natural gas pipeline
Tiger Pipeline: 195 miles of interstate natural gas pipeline
Fayetteville Express Pipeline: 185 miles of interstate natural gas pipeline
Sea Robin Pipeline: 1,000 miles of interstate natural gas pipeline
Midcontinent Express Pipeline: 500 miles of interstate natural gas pipeline
Gulf States: 10 miles of interstate natural gas pipeline
ET Fuel System: 2,770 miles of natural gas pipeline
Oasis Pipeline: 600 miles of natural gas pipeline
HPL System: 3,800 miles of natural gas pipeline
East Texas Pipeline: 370 miles of natural gas pipeline
RIGS Haynesville Partnership: 450 miles of natural gas pipeline
Southeast Texas System: 7,100 miles of natural gas pipeline
North Texas System: 160 miles of natural gas pipeline
Northern Louisiana: 280 miles of natural gas pipeline
Eagle Ford System: 1,090 miles of natural gas pipeline
Arklatex System: 2,800 miles of natural gas pipeline
South Texas System: 1,300 miles of natural gas pipeline
Permian System: 7,820 miles of natural gas pipeline
Mid-Continent Region: 13,500 miles of natural gas pipeline
Hugoton Gathering System: 1,900 miles of pipeline
Eastern Region: 500 miles of natural gas pipeline
Other Midstream Assets: 60 miles of gathering pipelines
Marcellus Shale: 27 miles of gathering pipelines
Lone Star Express: 532 miles of NGL transmission pipelines
West Texas Gateway Pipeline: 570 miles of NGL transmission pipeline
Justice Pipeline: 127 miles of NGL transmission pipeline
Other NGL Pipelines: 147 miles of NGL transmission pipelines
Mont Belvieu Facilities: 185 miles of NGL transmission pipelines
Refinery Services: 85 miles of NGL pipelines
And who owns Energy Transfer? Here are the 10 corporations or organizations that own the highest percentage:
Alps Advisers: 5.09%
Harvest Fund Advisors: 4.15%
Kayne Anderson Capital Advisors: 3.88%
Oppenheimer Funds: 3.74%
Goldman Sachs Group: 3.53%
Tortoise Capital Advisors: 3.47%
Morgan Stanley: 3.29%
Atlantic Trust Group: 2.14%
Appaloosa: 2.14%
Bank of Montreal: 1.95%
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