Enbridge, Marathon Pay $2B For Bakken Pipeline Stake

Law360, New York (August 3, 2016, 12:11 PM EDT) -- An entity owned by Enbridge Energy Partners LP and Marathon Petroleum Corp. has inked a $2 billion agreement to acquire a 36.75 percent stake in the lucrative Bakken pipeline project from Energy Transfer Partners LP and Sunoco Logistics Partners LP, the companies said Tuesday.

Under the terms of the deal, Enbridge- and Marathon-owned MarEn Bakken Co. LLC will acquire a 36.75 percent stake in the in-development pipeline project, which taps into the Bakken Shale in energy-rich North Dakota and is on track to be ready for service by the end of this year. The deal will see ETP receive $1.2 billion,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS