Oryx Launches Open Season for Extension of Trans Permian System

May 2016, Vol. 243, No. 5

Oryx Midstream Services subsidiary Oryx Southern Delaware Oil Gathering and Transport launched an additional binding open season to secure volume commitments and acreage dedications in support of the extension of the Oryx Trans Permian (OTP) pipeline system.

The crude oil gathering and transportation system serves the liquids-rich southern Delaware Basin in Texas. The open season concludes at 5 p.m. CDT on June 17.

The proposed extension is supported by two producers that operate about 50,000 acres in Reeves and Ward counties. It will consist of 120 miles of new pipeline and connect to Oryx’s existing OTP gathering, transportation and storage system.

Construction will begin this month, and the system is scheduled for completion early in the fourth quarter. After completion of the extended system, the OTP system will include more than 350 miles of oil pipeline, supported by more than 230,000 dedicated acres.

Three storage terminals near Pecos, Crane and Midland, with 150,000 bbls of leased or owned storage capacity, are currently in service. Oryx will expand the system’s storage capacity to more than 390,000 bbls with additional tanks in Reeves, Ward and Crane counties.

Find articles with similar topics
, , , , ,