Here's a link to an
article covering information about Enbridge's Gulf Coast pipeline plans I have now seen repeated across several news platforms. The article probably provides more comprehensive and detailed information about the full picture of Enbridge's plans than I have seen elsewhere.
Although it is written from the perspective of impact to the Canadian oil market it also covers the significance to the Bakken formation as well.
Two projects announced on March 26 by Calgary-based Enbridge and U.S. partner Enterprise Products Partners LP (EPD) (EPD) would expand crude capacity to the Gulf Coast by 500,000 barrels a day by 2014, a big step toward narrowing the price gap, said Roger McKnight, senior petroleum adviser at En-Pro International Inc., an Oshawa, Ontario-based energy adviser.
Keep in mind that even an additional 500,000 barrels per day of pipeline capacity will only cover
present rates of production from the Bakken. This additional capacity makes no provision for production from the Eagle Ford shale or other shale oil formations in the lower Mid-West.