Plains All American Seeks Support for Permian Basin to Cushing Pipeline
Plains All American Pipeline LP is gauging interest for a new crude oil pipeline from Texas to Oklahoma. The proposed project has the potential to add up to 350,000 barrels per day (bpd) of pipeline takeaway capacity from the Permian Basin.
A subsidiary of Plains All American announced April 18 that it is conducting an open season for committed crude oil pipeline capacity from the Permian Basin to Cushing, Oklahoma. Origin points will be Midland and Colorado City, Texas.
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Depending on the results of the open season, committed volumes will move on a combination of new and existing pipelines, according to a company statement. The open season provides an opportunity for potential shippers to offer long-term volume commitments in exchange for firm transportation on the pipeline.
The pipeline will deliver to Plains’ terminal in Cushing. Subject to sufficient commitments from shippers and receipt of any necessary permits and regulatory approvals, the pipeline could be operational in mid-2019.
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The open season will end at noon Central on May 30.
Interested parties should contact Bill Keener, managing director of pipeline commercial operations at (713) 993-5144. Potential shippers must sign confidentiality agreements before receiving the open season documents.
Plains All American Pipeline is a publicly traded master limited partnership that owns and operates midstream energy infrastructure. The company also provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. Plains All American owns an extensive network of pipeline transportation, terminal facilities, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, the company handles more than 4.6 million (bpd) of crude oil and NGL in its transportation segment. Plains All American is headquartered in Houston.
More information is available at www.plainsallamerican.com.
Tags: Open Season, Permian Basin, Plains All American Pipeline
