DAPL impact on oil industry

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Before the Dakota Access Pipeline went into service, oil production in the state was exceeding pipeline capacity.

Now that Bakken crude has been flowing through the pipeline since June of 2017, it's made a big impact on the oil industry.

"This is with respect to the construction of the Dakota Access Pipeline, Dakota Access Pipeline," said President Donald Trump.

President Trump signing the executive order expedited construction of the Dakota Access Pipeline, but that didn't stop protests and concerns with the Lake Oahe water crossing.

"A breakage of the pipeline will damage our water resources as a whole, the ground water and the surface water," said Doug Crowghost, Standing Rock Sioux Tribe director of water resources.

During construction, the North Dakota Public Service Commission faced issues with the company by not properly reporting cultural artifacts found along the route. The PSC reached a settlement with Dakota Access LLC in September of 2017, costing the company a total of approximately $100,000.

"This provides meaningful resolutions to these issues, and it does so with certainty and it closes the cases," said Public Service Commissioner Julie Fedorchak.

The pipeline was constructed to expand the reach of North Dakota's Bakken crude to more markets and played a big part in taking oil by train off the rails.

"When Dakota Access came online, North Dakota moved into a situation for the first time that there was adequate pipeline capacity for the region," said Justin Kringstad, North Dakota Pipeline Authority

The Dakota Access Pipeline's latest analysis over a six-month period increased revenue by $60 million. Also bumped up profit margins bringing more money to the state.

"Trying to time the market and figure out what the market need is, is critical." Kringstad

Right now the pipeline is transporting 450,000 barrels per day and Kringstad says it might reach capacity, a total of 520,000 barrels a day, in the near future.

Kringstad says that over the next 10 to 15 years the state's oil industry is projected to produce 1.7 to 2.1 million barrels a day, which would exceed pipeline capacity.