Must-Know: Which Companies Own the Dakota Access Pipeline?



The owners

The Bakken Pipeline System consists of the Dakota Access Pipeline and Energy Transfer Crude Oil Pipeline. In August 2016, Enbridge Energy Partners (EEP) announced that it had formed a joint venture with Marathon Petroleum (MPC).

MPC, in turn, has entered into an agreement to acquire a 49% equity interest in the holding company that owns 75% of the Bakken Pipeline System from an affiliate of Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL). Phillips 66 (PSX) owns the other 25% in each pipeline project.

Under this arrangement, EEP and MPC would indirectly hold 75% and 25%, respectively, of the joint venture’s 49% interest in the holding company of Bakken Pipeline. On February 15, 2017, Enbridge Energy Partners announced the closure of the acquisition of its 27.6% interest in the system.

Now let’s take a look at the institutional holdings in EEP.

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