Potential to Add Up to 575,000 Barrels Per Day of Permian Basin Pipeline Takeaway Capacity
HOUSTON–(BUSINESS WIRE)–A subsidiary of Plains All American Pipeline, L.P. (NYSE:PAA) today announced it has received sufficient customer interest to conduct a binding open season for committed crude oil transportation from the Permian Basin to the Corpus Christi/Ingleside area (the “Pipeline”). Origin points will be Orla, Wink South, Midland, Crane and McCamey, TX. 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, TX, 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.
Additional information is contained in a Notice of Open Season that is posted on our website at https://www.plainsallamerican.com/customer-center/pipeline-tariffs/open-seasons.
Interested parties should contact Kevin Snodgrass at 713-646-4616. As described in the Notice of Open Season, interested entities must sign a confidentiality agreement before receiving the open season documents. The open season begins on December 13, 2017 and will end at 12 p.m. CT on January 12, 2018.