From the Permian, two new pipelines: a) Kinder Morgan announced a 277K bopd crude oil pipeline from the Permian to California last month; b) Plains All American announced a 220K bopd crude oil pipeline from the Permian to the Gulf coast, the Cactus Pipeline.
Cactus Pipeline data points:
- in-service 1Q15
- both sweet and sour crude oil
- from the Permian Basin to the PAA-EPD Eagle Ford Joint Venture Pipeline
- terminal: Three Rivers and Corpus Christi markets; can supply the Houston area through a connection to the Enterprise South Texas Crude Oil Pipeline
- access to CBR at PAA's Gardendale station
- access to the barge dock facility in the Corpus Christi area
- pipeline capacity scalable
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