ExxonMobil, Plains All American, Lotus Midstream Form Pipeline JV
30 Janvier 2019 - 7:39PM
Dow Jones News
By Chris Wack
ExxonMobil (XOM), Plains All American Pipeline L.P. (PAA), and
Lotus Midstream said Wednesday they have formed a pipeline joint
venture that will provide more than 1 million barrels per day of
crude oil and condensate capacity and will span the Permian Basin
in West Texas to the Texas Gulf Coast.
The companies said in a release that the Wink to Webster
Pipeline LLC Joint Venture will have nearly 650 miles of
36-inch-diameter line pipe.
The pipeline system will have origin points at Wink and Midland
to multiple locations near Houston, including Webster and Baytown,
with connectivity to Texas City and Beaumont. The project has a
significant volume of long-term commitments and is targeted to
start operations in the first half of 2021.
Plains will lead project construction on behalf of the joint
venture and has already initiated pre-construction activities. The
venture anticipates the project will generate more than 3,100
construction jobs.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 30, 2019 13:24 ET (18:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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