Tuesday, October 29, 2019

Permian Pipeine Update -- October 29, 2019

This was posted earlier, but might have been lost; so much was posted that day.
  • Permian pipeline -- EPIC Crude Oil Pipeline -- launches another open season -- Rigzone -- dated October 28, 2019 -- I don't know if this is old news / previously reported / new news; things happening so fast; will come back to it later; 
  • Another pipeline -- Enterprise -- EPD -- third Midland-to-ECHO oil expansion by 3Q20; again, can't keep up; old news / previously reported / new news? I don't know; I will come back to this later; 
EPIC Crude Oil Pipeline:
  • third open season
  • first two open seasons were successful; both closed back in 2018
  • pipeline services the Permian and the Eagle Ford
  • runs parallel to the EPIC Y-Grade Pipeline from Orla, TX, to the Port of Corpus Christi, TX
  • in August, 2019, EPIC launched 24-inch-diameter Y-Grade Pipeline
  • carries up to 400,000 bopd of crude oil
  • new work: mainline construction of the 30-inch Crude Oil Pipeline in January, 2020
  • will be expandable to 900,000 bpd
  • also: EPIC Crude Export Dock in Corpus Christi will finish 4Q19: will be capable of loading Aframax oil tankers -- tankers can carry 750,000 bbls crude oil
  • EPIC also building a second crude export dock that will be able to load Suezmax tankers -- tankers can carry one million bbls crude oil
Midland-to-ECHO
  • third expansion
  • will add 450,000 bopd
  • a fourth expansion, also, 450,00 bopd, will allow the company to convert the Seminole pipeline back to NGL service
  • to be complete by 3Q20
  • this is the third expansion of this pipeline
  • was called the Seminole pipeline (now called the Midland-to-ECHO 2 pipeline)
  • EPD can transport at optimum cost, 1.3 million b/d
  • if the market needs more capacity, EPD can ramp up that capacity to 1.8 million b/d with zero capital
  • EPD moved an average of 2.3 million b/d through its pipelines in 3Q19, up 21% from a year earlier

2 comments:

  1. A lot of times, these repeated open seasons are from inadequate signups the first time. I suspect this is the case here since Permian oil pipes are not full and we've even had a cancellation. (Gas is another story--need more pipes.)

    ReplyDelete

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