Jupiter Extends Open Season for Crude Oil Pipeline from the Permian Basin to the Port of Brownsville
Jupiter Energy Group has extended the open season for a proposed a 650-mile, 36-in. diameter crude oil pipeline to serve the Permian Basin in Texas.
A privately held midstream company that provides crude oil producers and gas plants with logistics and offtake solutions, Jupiter announced Feb. 28 a 90-day extension of the open season that commenced on Nov. 30, 2018 for binding shipper commitments on the Jupiter Pipeline, which is expected to be operational in the fourth quarter of 2020. The open season will now conclude on May 31, 2019.
The Jupiter Pipeline will have origination points near Crane and Gardendale/Three Rivers, Texas, and an offtake point in Brownsville, Texas. As designed, it will be the only pipeline out of the Permian Basin that will access all three deep water ports in Texas (Houston, Corpus Christi and Brownsville) and will have direct access to a fully capable VLCC (very large crude carrier) loading facility off coast at Brownsville.
At the Brownsville terminus, the Jupiter Pipeline will connect to the Jupiter Brownsville Terminal, which will consist of up to 10 million barrels of storage, three docks in the Port of Brownsville and an offshore VLCC loading facility.
“We’re very pleased with the results of the initial Open Season period for the Jupiter Pipeline,” said Albert Johnson, president of Jupiter Pipeline LLC. “The supplemental period validates our belief that the interest for transportation commitments on the pipeline is as substantial as expected.”
Additional information regarding the Jupiter Pipeline and the Open Season can be found at jupiterpipeline.com.
Jupiter Energy Group is a vertically integrated crude oil and refined products midstream logistics and terminaling company. Each of Jupiter’s Business Segments is focused on incrementally providing to the overall value chain. For more information on Jupiter, visit jupitermlp.com.
Tags: Jupiter Pipeline, Open Season