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Re: LouisDesyjr post# 792

Saturday, 08/06/2016 10:18:20 PM

Saturday, August 06, 2016 10:18:20 PM

Post# of 887
The pipeline is not being built by Bakken Resources (BKKN)
Here is information about it on wikipedia

https://en.wikipedia.org/wiki/Bakken_pipeline

The Bakken Pipeline is a 1,134 mile long underground oil pipeline project for crude oil from the Bakken oil fields in Northwest North Dakota, through South Dakota, Iowa and to end in Patoka, Illinois, which Dakota Access, LLC, a subsidiary of the Dallas, Texas corporation Energy Transfer Partners, L.P. has been planning. The project became public in July 2014, and informational hearings for landowners in the four states took place between August 2014 and January 2015. Dakota Access submitted their plan to the Iowa Utilities Board (IUB) on 29 October 2014 applied for a permit in January 2015 and the IUB granted the permit including the use of eminent domain in March 2016 after some public controversy, the last of the 4 state regulators to do so.

Dakota Access has calculated the pipeline to cost $3.7 billion, with $189 million to pay landowners. As of March 2016 it had secured voluntary easements on 82 percent of Iowa land.

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