A subsidiary of Plains All American Pipeline, L.P. has launched an open season for committed crude oil pipeline capacity from the Delaware Basin to Cushing, OK.
The open season, which began on June 16, 2017 and will end at 5 p.m. CT on July 17, 2017, provides an opportunity for potential shippers to offer long-term volume commitments in exchange for firm transportation on the Delaware Basin to Cushing Pipeline, which will originate at Conan Station in Loving County, Texas and deliver to Plains All American and third party terminals in Cushing, OK. Depending on the results of the open season, committed volumes will move on a combination of new and existing pipelines.
Subject to sufficient commitments from shippers and receipt of any necessary permits and regulatory approvals, the Delaware Basin to Cushing Pipeline could be operational in mid-2019.
By submitting a binding proposal, bidders are offering to enter into a long-term throughput and deficiency agreement for pipeline capacity. Potential shippers must sign confidentiality agreements before receiving open season documents.
For more information, contact Kevin Snodgrass at KTSnodgrass@paalp.com.