Sunoco Logistics to Move Forward on Delaware Basin Extension
Sunoco Pipeline LP has received enough interest to proceed with a project to add takeaway capacity from the Delaware Basin.
Parent company Sunoco Logistics Partners LP announced Jan. 21 that Sunoco Pipeline successfully closed a binding open season for its Delaware Basin Extension project from the rapidly growing Delaware Basin area in New Mexico and West Texas to Midland, Texas.
“We are pleased to announce another successful open season, our 14th successive one over the last four years,” said Michael J. Hennigan, president and CEO. “This project will provide needed takeaway capacity out of the Delaware Basin and transport the crude oil to Midland, Texas. We are excited to be able to deliver a project that will support continued crude oil production in a key basin. This project continues to build upon our long-term strategy of growing ratable, fee-based cash flow for our investors.”
The project will consist of approximately 125 miles of new build pipeline and is anticipated to have initial capacity to transport approximately 100,000 barrels per day. The pipeline is scheduled to be operational in the first half 2016.
Tags: Delaware Basin, Sunoco Logistics, Sunoco Pipeline
