Plains All American Pipeline LP (NYSE: PAA) has begun an binding open season for committed crude oil transportation from the Permian Basin to the Corpus Christi/Ingleside area, the company said on Dec. 13.
Origin points will be Orla, Wink South, Midland, Crane and McCamey, Texas. The open season provides an opportunity for shippers to enter into transportation services agreements providing for long-term crude oil transportation on the pipeline and committed tariff rates.
The pipeline will include a combination of existing pipelines and two new pipelines. The first new pipeline will extend from Wink South to McCamey, Texas, and the second pipeline will extend from McCamey to the Corpus Christi/Ingleside area.
Subject to receipt of necessary permits and regulatory approvals, the pipeline could be operational in third-quarter 2019.
More information can be found at www.plainsallamerican.com.
Recommended Reading
Range Resources Holds Production Steady in 1Q 2024
2024-04-24 - NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers.
Novo II Reloads, Aims for Delaware Deals After $1.5B Exit Last Year
2024-04-24 - After Novo I sold its Delaware Basin position for $1.5 billion last year, Novo Oil & Gas II is reloading with EnCap backing and aiming for more Delaware deals.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
TotalEnergies, Vanguard Renewables Form RNG JV in US
2024-04-24 - Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months.