New pipeline from Permian Basin to Port of Corpus Christi to start deliveries of crude this fall

Fuel Fix:
San Antonio pipeline company Epic Midstream Holdings remains on schedule to begin moving crude oil from West Texas' Permian Basin to the Port of Corpus Christi by this fall.

As part of a plan originally announced in October, the company plans to temporarily use its natural gas liquids pipeline to temporarily ship crude oil starting in the third quarter.

Epic said Monday that those plans remain on schedule and that it has secured all of the mainline right of way needed to build a separate crude oil pipeline along the route of natural gas liquids pipeline.

With steel for the Epic Crude Oil Pipeline being sourced by U.S. mills, delivery of the 30-inch pipeline to build the 700-mile project is expected to take place later this month.

The Epic Crude Oil Pipeline runs from Orla, Pecos, Saragosa, Crane, Wink and Midland in the Permian Basin to Gardendale and Helena in the Eagle Ford Shale to the Port of Corpus Christi.

Construction of the crude oil pipeline is expected to begin shortly after delivery and be completed by January 2020. Using the same construction crews as its natural gas liquids pipeline, Epic expect to realize significant construction synergies along the route.
...
This should lead to the completion of several wells that have been drilled but not finished because of a lack of transportation infrastructure.  As this and other pipelines come online in the months ahead, it should also put more pressure on OPEC and Russia because of increased US export capacity.

Comments

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

29 % of companies say they are unlikely to keep insurance after Obamacare

Bin Laden's concern about Zarqawi's remains