Enterprise, ETP Form JV to Restore Old Ocean Service
Enterprise Products Partners and Energy Transfer Partners (ETP) have formed a 50/50 joint venture to resume service on the Old Ocean natural gas pipeline, which has been idled since 2012. The 24-inch diameter pipeline, which originates at Maypearl, Texas and extends south approximately 240 miles to Sweeny, Texas, is expected to resume service in the second quarter of 2018 with ETP as the operator.
Additionally, both parties are in the process of expanding their jointly owned North Texas 36-inch pipeline that will provide more capacity from West Texas for deliveries into the Old Ocean pipeline. The North Texas pipeline expansion project is expected to be completed by late fourth quarter of 2018.
“Bringing the Old Ocean pipeline back into service will help meet the immediate demand for takeaway capacity from the growing Delaware Basin and Midland Basin,” said A.J. “Jim” Teague, chief executive officer of Enterprise’s general partner. “Old Ocean offers an efficient, timely, cost-effective and integrated solution that provides producers with flow assurance and access to the Gulf Coast.”
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