EPD, Pipeline Story, Incredible
Link here to Reuters.
Enterprise Product Partners, one
of the nation's largest pipeline and terminalling companies,
sees good prospects for uniting the burgeoning growth of U.S.
and Canadian crude oil with the Gulf Coast's refinery row.
Enterprise Product Partners is joint owner of the Seaway
pipeline, along with Canada's Enbridge, which was reversed in
June to carry oil from the north to the south of the United
States.
Speaking to investors and analysts at its third quarter
conference call, the company said this means that 150,000
barrels per day of crude is being moved out of the oil hub of
Cushing, Oklahoma, and down to the Gulf Coast where it will be
able to access 7.5 million barrels per day of refining capacity.
The pipeline, one of several the company is working on to
unlock the value of growing domestic crude oil by connecting
with refineries, will reach about 850,000 bpd of capacity in
2014.
The company is also in the process of working on three other
crude pipelines, the Texas Express, the Rocky Mountain and the
Front Range, which will have combined initial capacity of
465,000 barrels per day by the beginning of 2014.
Two thoughts:
Killing the Keystone XL was a godsend for several other pipeline players.
If TransCanada continues with plans to lay Keystone XL 2.0, it boggles the mind how much oil is going to be flowing through the United States.
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