Although Sunoco Logistics Partners has received sufficient binding commitments to enable Permian Express Phase I, a project to transport West Texas crude oil to Gulf Coast markets, to proceed, the binding open season was continued until September 6, 2012.
As previously announced, Permian Express Phase I will provide continuous pipeline service from Wichita Falls, TX Nederland/Beaumont, TX markets. At Wichita Falls, a connection from Basin Pipeline will be provided. Due to the use of existing assets, the capacity to transport approximately 90,000 bpd to Nederland/Beaumont is expected to be operational in the first quarter of 2013.
“With the use of pipe already in the ground, Permian Express Phase I offers West Texas producers and Gulf Coast refiners a fast and cost-efficient solution with tremendous operational flexibility,” said Michael J. Hennigan, Sunoco Logistics’ president and CEO. “We look forward to having this project on-line in the first quarter of 2013.”