In the end, the pipeline won.
Dakota Access, which became a rallying point for tens of thousands of anti-fossil fuel and Native American-rights protesters, is preparing for service, a court filing on Monday showed. Now that the last segment built underneath Lake Oahe has been filled with oil, it’s only a matter of time before the line delivers crude from North Dakota’s once-booming Bakken shale region. That’ll be a boon to drillers there who’ve lost market share amid low oil prices to rivals in Texas and elsewhere with better access to Gulf Coast refineries and terminals.
“No doubt, this makes the Bakken more competitive,” said Rob Thummel, managing director at Tortoise Capital Advisors.
The filing, by Dakota Access’s developer, came just three days after the State Department issued a presidential permit approving the controversial Keystone XL oil pipeline, which when completed would run from Canada into America’s heartland. President Donald Trump’s support of both pipeline projects represents a dramatic reversal from former President Barack Obama’s opposition to them on environmental grounds.