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MarEn Bakken Pipeline Company LLC

Company Summary

Description

Joint venture between Enbridge and Marathon Petroleum. Holds a 36.75% interest in the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline Project. Marathon has a 25% stake in the JV while Enbridge has a 75% stake.

Operational Regions

  • Bakken

Related Entities

Recent news

Company Transactions

Date: 2/15/2017
Type: Acquisition

NOTES:
Enbridge Energy Partners, Enbridge Inc and Marathon Petroleum have announced a joint venture to acquire a 36.75% interest in the Bakken Pipeline System from a holding company with a 75% interest in the System. The joint venture is called the MarEn Bakken Pipeline Company LLC. Enbridge will own 27.6% of the pipelines through MarEn and Marathon will own 9.15% of the pipeline projects.
REGIONS:
  • Bakken
  • Gulf Coast