Bridger Pipeline

What Bridger Pipeline does

Bridger Pipeline LLC is a Casper, Wyoming-based crude oil midstream operator and a subsidiary of True Companies, a diversified Wyoming energy services conglomerate. The company operates over 4,000 miles of pipeline infrastructure spanning Montana, North Dakota, South Dakota, Wyoming, Kansas, and Oklahoma, with key hub infrastructure at Guernsey, Wyoming, and interconnections to Dakota Access Pipeline, Tallgrass Pony Express, Plains, Suncor, Platte, and other downstream systems. Bridger functions as a FERC-regulated common carrier, earning tariff-based revenue on a per-barrel basis from oil producers and marketers shipping crude from the Bakken and Powder River Basin to refining markets and pipeline interconnections across the central U.S.

The company's technology stack centers on its proprietary Flowstate real-time leak detection system, which applies AI deep learning to high-resolution pressure and flow data for continuous pipeline monitoring, anomaly detection, and predictive maintenance. Bridger also offers advanced small-diameter inline inspection services for pipelines under six inches and operates the Pipeline Connection portal (truepipelines.com) where shippers submit monthly nominations and manage capacity. The customer base is composed of upstream oil producers and crude oil marketers/traders, with the company expanding its addressable customer set to include Canadian crude shippers through its Prairie Connector joint development with South Bow Corp. and the proposed $2B Bridger Pipeline Expansion ('Keystone Light'), which received a U.S. Presidential Permit in April 2026 for cross-border capacity of 550,000+ bpd, expandable to 1.13 million bpd.

Name

Bridger Pipeline

Legal name

Bridger Pipeline LLC

Website

https://bridgerpipeline.com

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

Bridger Pipeline LLC is a privately held, FERC-regulated common carrier that transports crude oil across more than 4,000 miles of midstream pipeline in the Rocky Mountain West, serving oil producers and marketers in the Bakken and Powder River basins through tariff-based per-barrel fees.

Ownership category

akta.pro rank

Product category

Crude Oil Pipeline Transportation (Midstream)

NAICS

Pipeline Transportation of Crude Oil (486110), Pipeline Transportation of Crude Oil (48611)

SIC

Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Crude Oil Pipeline Transportation (EUALADAA)

akta.pro secondary industries

Long-Haul / Trunk Crude Oil Pipeline Transportation (TLAGAAAA), Pipeline Operations, Integrity & Control (SCADA, Pigging, Leak Detection) (EUALADAK), Crude Oil Gathering Pipeline Transportation (Upstream Field Gathering) (TLAGAAAB)

Keywords

• Crude oil transportation
• Midstream pipeline services
• FERC-regulated tariffs
• Pipeline leak detection
• Oil gathering infrastructure

Headquarters

HQ city

Casper

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Crude Oil Transportation Services: Fee-based pipeline transportation services charged on a per-barrel basis through FERC-regulated tariffs. Shippers pay tariff rates for crude oil gathering, storage, and transportation from origin points to destination points across the company's pipeline network.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Bridger Pipeline operates over 4,000 miles of midstream pipeline infrastructure across the Rocky Mountain West to gather, transport, and deliver crude oil from origin points in Montana, North Dakota, South Dakota, and Wyoming to refineries and downstream pipelines. It sells FERC-regulated common carrier transportation services to oil producers and marketers, priced on a per-barrel tariff basis with long-term firm transportation commitments available.

Product overview

Bridger Pipeline operates as a crude oil transportation company offering a unified midstream service with over 4,000 miles of pipeline infrastructure across the Rocky Mountain West. The core product is crude oil transportation from gathering points in Montana, North Dakota, South Dakota, and Wyoming to key delivery hubs. The portfolio includes the proprietary Flowstate real-time leak detection system, the Pipeline Connection portal for shipper nominations and account management, and advanced small-diameter pipeline inspection services. The company also maintains tariff-based transportation services with multiple origin-destination routes and interconnections with major pipeline systems including Dakota Access Pipeline, Pony Express Pipeline, and Plains Pipeline.

Differentiator

Problem solved

Functional benefit

Brands

• Flowstate: Real-time leak detection system built by Bridger Pipeline to empower pipeline operators. Uses high-resolution pressure and flow data for continuous pipeline condition monitoring, designed to reduce false positives and improve safety.

Products and services

• Bridger Pipeline Crude Oil Transportation Core FERC-regulated crude oil gathering, storage, and transportation service moving oil from origin points in Montana, North Dakota, South Dakota, and Wyoming to destination hubs including Guernsey HUB, Kansas, Oklahoma, and Casper. Sold to crude oil producers, marketers, and traders.
• Pipeline Connection Portal Secure online platform for crude oil shippers to submit monthly nominations, manage transportation volumes, and view account information for scheduling and capacity planning on Bridger's pipeline network.
• Flowstate Leak Detection System Proprietary real-time leak detection system using high-resolution pressure and flow data for continuous pipeline condition monitoring. Designed for pipeline operators with AI-powered anomaly detection that minimizes false positives and enables faster response times.
• Small Diameter Pipeline Inspection Services Advanced inline inspection services for pipelines under 6 inches in diameter, allowing detection of internal corrosion and anomalies in areas previously considered inaccessible, extending infrastructure life and improving reliability.

Quantifiable outcome

• Reduced pipeline incidents through AI-driven predictive maintenance and real-time monitoring
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability4 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• South Bow Corp.coreStrategic or Co-development Partner · 30 March 2026Joint development of Prairie Connector project connecting Canadian crude to Bridger Pipeline's downstream facilities at Canada-U.S. border. South Bow holds legacy Keystone XL assets and is working with Bridger on cross-border pipeline expansion with 20-year binding commitments for firm transportation service.
• TallgrasscoreStrategic or Co-development Partner · 24 February 2026Joint open seasons for crude oil transportation expansion on Bridger and Pony Express/Seahorse Pipelines from North Dakota origins to downstream destinations. 35-day binding open seasons to evaluate demand and secure shipper commitments for capacity expansion.
• Caliber Midstream Partners, LLCminorImplementation/ SI/ Consulting Partner · 18 November 2025Planned acquisition of crude oil and natural gas assets of Caliber Midstream Partners, covering approximately 210 miles of pipelines and terminals in North Dakota and Montana. Transaction expected to close in early 2026.
• Bayou Midstream, LLCminorImplementation/ SI/ Consulting Partner · 7 May 2024Acquisition of Bayou's operating subsidiaries (owned by Bayou Midstream and EIV Capital) including crude oil gathering, storage, transportation assets and sand transloading terminal in the Bakken region.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Phillips 66 Partners (now part of Phillips 66): Phillips 66 operates crude oil and refined products pipelines integrated with its refining system, including gathering assets in the Bakken and other basins Bridger serves. They are a broad incumbent with downstream refining integration.
• Kinder Morgan: Kinder Morgan is one of the largest energy infrastructure companies in North America, operating crude oil, natural gas, and refined products pipelines. They are a broad incumbent whose CO2 and crude oil pipelines touch the same basins and customer base as Bridger.
• Energy Transfer: Energy Transfer operates one of the largest and most diversified midstream energy networks in the U.S., including crude oil pipelines that overlap with Bridger's Rocky Mountain service territory. They are a broad incumbent rather than a specialist in Bridger's specific niche.
• Magellan Midstream Partners: Magellan operates extensive crude oil and refined products pipeline systems across the central U.S. While their footprint overlaps with Bridger's downstream delivery markets, they are a broader incumbent with a more diversified product slate including refined products.
• Enbridge: Enbridge is one of North America's largest pipeline operators, moving crude oil and natural gas across the continent. They are a broad incumbent competing in the crude transportation space where Bridger operates, though with much greater scale and geographic diversification.

Direct peers

• Plains All American Pipeline: Plains All American operates one of the largest crude oil pipeline networks in North America and directly interconnects with Bridger at multiple tariff points including Casper Station. They compete for shipper nominations across the same Bakken and Rocky Mountain basins.
• Holly Energy Partners: Holly Energy Partners operates crude oil pipelines and terminals primarily serving refineries in the Rockies and Mid-Continent regions. They are comparable to Bridger in operating model and geography, focused on gathering and transportation to refining hubs.
• Tallgrass Energy: Tallgrass operates crude oil pipelines including Pony Express and Seahorse, which directly interconnect with Bridger's system. They are joint open-season partners with Bridger for North Dakota-to-market expansion, making them the closest operating peer in geography and product offering.
• Crestwood Midstream Partners: Crestwood Midstream Partners operates crude oil and natural gas gathering and processing systems in the Bakken and other U.S. shale basins. They are a comparable midstream operator in the same geographic and product space as Bridger.
• South Bow Corp: South Bow holds the legacy Keystone XL assets and is Bridger's joint venture partner on the Prairie Connector / Bridger Pipeline Expansion project. Both companies are focused on cross-border Canadian crude transportation into U.S. markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bridger-pipelines

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bridger Pipeline