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Markets Impressed By Extra Saudi Production Cuts

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Saudi Arabia’s commitment to the…

Dakota Access Pipeline Ahead of Schedule

Pipeline construction

The Dakota Access Pipeline could begin operations as early as next month as construction runs ahead of schedule and newly inaugurated President Donald Trump facilitates the removal of administrative obstacles to its launch.

In a court-ordered status report, Energy Transfer Partners, one of the company’s constructing the pipeline, said the last 1,100-foot piece of the project is nearly completed and would be ready to install soon.

Dakota Access reports that the pilot hole is complete,” said the report filed Tuesday in U.S. District Court, according to The Washington Times. “The company is currently reaming the hole — i.e., making it larger in order to accept the pipe. As of now, Dakota Access estimates and targets that the pipeline will be complete and ready to flow oil anywhere between the week of March 6, 2017 and April 1, 2017.”

The Standing Rock Sioux and Cheyenne River Sioux have both filed lawsuits to force the Army Corps of Engineers to conduct an in-depth environmental impact study – which the corps had agreed to do under President Barack Obama’s administration. They also argue that the pipeline will pass through sacred lands and pose a threat to their drinking water supply as it would pass under the Lake Oahe.

Related: Combined Compliance For OPEC, Non-OPEC Hits 86%

U.S. District Court Judge Kames Boasberg, who is presiding over the case, green-lighted an expedited hearing schedule on Thursday, giving Energy Transfer Partners until March 23rd to respond to the tribes’ request for summary judgement.

Images of the ruins of the Oceti Sakowin camp, the main gathering site for Native American and allied protestors from around the country, have circulated social media since Wednesday, when police forces forcibly evacuated the area citing a growing risk of floods from the Missouri River as spring begins and ice starts to melt.

By Zainab Calcuttawala For Oilprice.com

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  • Tommy on February 26 2017 said:
    The Dakota Access Pipeline puts a half million BBL/day of Canadian oil into international markets from the Gulf. It may or may not be refined in the USA before export. Canadian oil is desirable light sweet. Me thinks OPEC must compensate with lower prices or lower production.

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