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Bullboard - Stock Discussion Forum PENN WEST PETROLEUM LTD. T.PWT

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015,... see more

TSX:PWT - Post Discussion

PENN WEST PETROLEUM LTD. > Oil placed in Dakota Access Pipeline as service set to begin
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Post by makedonka on Mar 28, 2017 5:35am

Oil placed in Dakota Access Pipeline as service set to begin

The Dakota Access Pipeline is to begin service in the near future as its developer, Energy Transfer Partners, announced that oil has been placed under the Missouri River reservoir. However, the legal battle over the disputed land is far from over.

A court filing on behalf of Energy Transfer Partners (ETP) revealed on Tuesday that the company has begun pumping oil into the highly contentious pipeline, without resolving the remaining legal issues.

ETP did not reveal when it foresaw the pipeline becoming operational, but did say that it now has oil underneath a Missouri River reservoir in North Dakota.

"Oil has been placed in the Dakota Access Pipeline underneath Lake Oahe. Dakota Access is currently commissioning the full pipeline and is preparing to place the pipeline into service," the filing stated.

https://www.rt.com/usa/382509-dapl-oil-service-prep/

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