HOUSTON--(BUSINESS WIRE)--American Midstream Partners, LP (NYSE: AMID) (“Partnership” or “AMID”) today announced it has entered a connection agreement with Dakota Access Pipeline (“DAPL”), the 1,172-mile 30-inch pipeline that extends from the Partnership’s Bakken formation production area in North Dakota to Patoka, Illinois.
The new DAPL interconnect will tie into the Partnership’s Bakken crude oil gathering system which consists of interstate pipelines with capacity to transport up to approximately 40,000 barrels per day of crude oil. In addition, the Partnership’s Bakken crude oil gathering system has crude oil trucking capabilities located near Watford City, ND that provides greater producer access to market alternatives and off-take capabilities. AMID recently added hydrogen sulfide treating to its Bakken system allowing customers to meet pipeline specifications for crude oil delivery thereby expanding customer service offerings and the competitive footprint of the system. Leveraging off the recent additions to the Partnership’s system and the new connection to DAPL, AMID will be able to deliver an incremental 20,000 barrels per day to market.
“This new interconnect with DAPL is a continuation of our strategy to optimize the long-term value of our assets by providing producers a suite of services that include gathering and processing with strong market connectivity via multiple pipeline takeaway points,” said Lynn L. Bourdon, President and Chief Executive Officer. “Through the expansion of our services and our ability to increase the value of our gathering infrastructure, the Partnership has been able to capitalize on a strategic asset that increases optionality and additional takeaway points for our customers.”
About American Midstream Partners, LP
American Midstream Partners, LP is a growth-oriented limited partnership formed to provide critical midstream infrastructure that links producers of natural gas, crude oil, NGLs, condensate and specialty chemicals to end-use markets. AMID’s assets are strategically located in some of the most prolific onshore and offshore basins in the Permian, Eagle Ford, East Texas, Bakken and Gulf Coast. AMID owns or has an ownership interest in more than 3,850 miles of interstate and intrastate pipelines, as well as ownership in gas processing plants, fractionation facilities, an offshore semisubmersible floating production system with nameplate processing capacity of 80 MBbl/d of crude oil and 200 MMcf/d of natural gas; and marine terminal sites with approximately 2.4 MMBbls of storage capacity.
For more information about American Midstream Partners, LP, visit www.americanmidstream.com.
Forward Looking Statements
This press release includes forward-looking statements. These statements relate to, among other things, projections of operational volumetrics and improvements, growth projects, cash flows and capital expenditures. We have used the words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will,” “potential,” and similar terms and phrases to identify forward-looking statements in this press release. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors, which are described in greater detail in our filings with the SEC. Please see “Risk Factors” and other disclosures included in our Annual Report on Form 10-K for the year ended December 31, 2015 filed on March 7, 2016, our Form 10-Q for the quarter ended September 30, 2016, filed on November 08, 2016, and our other filings with the SEC. All future written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the previous statements. The forward-looking statements herein speak as of the date of this press release. We undertake no obligation to update any information contained herein or to publicly release the results of any revisions to any forward-looking statements that may be made to reflect events or circumstances that occur, or that we become aware of, after the date of this press release.