The 21st Century -- America's Century -- March 1, 2023

See 4Q22 earnings release. 

Enbridge Update: link here. Archived. See also, but archived. Enbridge pipelines tracked here.

For additional background re: the Flanagan South crude oil pipeline.

The Flanagan South Pipeline is an interstate crude oil petroleum pipeline developed by Canadian energy company Enbridge, in the US.

The 593-mile (965.6km) pipeline with a 36in-diameter runs from Flanagan, Illinois, to Cushing, Oklahoma, passing via Missouri and Kansas.

• $2.7 billion
• mooted in 2011
• project was awarded in 2013
• operational, December, 2014
• initial capacity: 585,000 bpd (similar to Keystone XL)

It delivers crude oil supply from North Dakota’s Bakken region and western Canadian region to the US Gulf Coast refineries.

The Flanagan South Pipeline follows the route of Enbridge’s existing Spearhead Pipeline from the Flanagan terminal in Illinois to the Cushing terminal in Oklahoma.

The crude oil supplied through Flanagan South Pipeline to Enbridge’s Cushing terminal is sent to Gulf Coast refineries via the Seaway Crude Pipeline System, which is jointly owned by Enbridge and Enterprise.

The Flanagan South pipeline utilizes existing pumping station sites and electrical power connections along the Spearhead Pipeline.

The new pipeline, together with the Spearhead Pipeline, transports up to 775,000bpd of North American crude oil from Illinois to the Cushing terminal, which is one of the biggest oil storage hubs in the US.

The crude oil from Cushing is sent via the reversal Seaway Pipeline to the Gulf Coast. The Seaway Pipeline system underwent a $1bn expansion to more than double its southbound takeaway capacity to 850,000bpd in July 2014.

Much, much more at the link.

Flanagan South crude oil pipeline (FSP):

• existing 585,000 bopd pipeline
• looking to add 95,000 bopd of incremental capacity
• will build the 15-million-bbl Enbridge Houston Oil Terminal (EHOT): a greenfield terminal
• 2.5 million bbls of heavy crude oil storage at a site adjacent to the eend of the 950,000-bopd Seaway Pipeline Enbridge -- owned jointly with EPD
• cost: $240 million

EHOT:

• will also have access to EPD's planned 85,000-bbl / hr offshore Sea Port Oil Terminal (SPOT)

Other:

• Enbridge has planned a total of $3.3 billion in new investments
• $2.4 billion of that will be applied to natural gas transmission modernization and utility capital
• will also acquire 35 bcf of Gulf Coast gas storage in Matagorda County, TX
• will buy Tres Palacios Holdings for $335 million from Brookfield Infrastructure Partners and Crestwood Equity Partners
• includes an integrated 62-mile natural gas header pipeline system with eleven inter- and intrastate natural gas pipeline connections, includnig Enbridge's 12-bcfd Texas Eastern pipeline.

And it goes on and on. 

All at the link.