Energy Transfer Partners’ Permian Express Terminal and Permian Express Partners began a binding open season for the Permian Express 3, developed to deliver crude oil from the Permian Basin to multiple markets. The pipeline is expected to provide 100,000 bpd of capacity when service begins in the fourth quarter.
The company expects additional committed service opportunities to be offered in future open seasons that will provide for an estimated total capacity of up to 300,000 bpd.
The initial phase of the project will provide Midland Basin producers new crude oil takeaway capacity from this rapidly growing area to the Nederland, TX, market. Future phases of the project are expected to offer crude oil transportation service from the Delaware Basin to multiple markets.
Incentive rates will be available to shippers making long-term volume commitments during the open season.