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Energy Transfer, Sunoco Sell Pipeline Stake to Marathon, Enbridge for $2 Billion

Energy Transfer Partners (ETP) and Sunoco Logistics Partners (SXL) said late Tuesday that they agreed to sell 36.75% of their Bakken pipeline project in the Rockies to MarEn Bakken Co. LLC, a unit of Enbridge Energy Partners (EEP) and Marathon Petroleum (MPC) , for $2 billion in cash.

ETP expects the sale to close in the third quarter, when it will receive $1.2 billion and SXL will get $800 million.

The Bakken pipeline entities...


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