Plains All American Pipeline Begins Open Season for Permian Basin to Cushing Pipeline, Texas
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A subsidiary of Plains All American Pipeline, L.P. is conducting an open season for committed crude oil pipeline capacity from the Permian Basin to Cushing, Oklahoma. Origin points will be Midland, Texas and Colorado City, Texas. Depending on the results of the open season committed volumes will move on a combination of new and existing pipelines. 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, Oklahoma. Subject to sufficient commitments from shippers and receipt of any necessary permits and regulatory approvals, the pipeline could be operational in mid-2019.
By submitting a binding proposal, bidders are offering to enter into a long-term throughput and deficiency agreement for pipeline capacity.
Interested parties should contact:
• Bill Keener, managing director pipeline commercial operations
• Phone: 713-993-5144.
Potential shippers must sign confidentiality agreements before receiving the open season documents. The open season begins on April 18, 2017 and will end at 12 p.m. CT on May 30, 2017.
About Plains All American Pipeline
Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas and refined products. PAA owns an extensive network of pipeline transportation, terminalling, 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, PAA handles over 4.6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas.
To stop by Plains All American Pipeline’s website, CLICK HERE
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