soonercruiser
4/27/2011, 09:39 PM
Did someone say "build me a pipeline"?
(Decreasing the bottle-neck at Cushing)
Texas companies plan to build pipeline from Cushing to Gulf
Two Texas energy companies are planning a joint venture to build a new pipeline linking the Cushing oil storage hub with refineries near the Gulf of Mexico.
BY JAY F. MARKS [email protected] Oklahoman 1 Published: April 27, 2011
A new outlet for the crude oil piling up at the Cushing storage hub could be in place by the end of 2012, thanks to a pipeline project announced Tuesday by two Texas-based energy companies.
Enterprise Products Partners LP of Houston and Energy Transfer Partners LP of Dallas have agreed to a joint venture to design and build a pipeline from Cushing to the refining complex near the Gulf of Mexico.
The 584-mile pipeline would provide an outlet for more than 400,000 barrels of crude oil each day, reducing the glut of oil stranded at the Cushing hub.
The pipeline also would give Gulf Coast refiners improved access to domestic crude oil and a cheaper alternative to oil imports that make up most of their supply.
http://www.newsok.com/article/3562286
(Decreasing the bottle-neck at Cushing)
Texas companies plan to build pipeline from Cushing to Gulf
Two Texas energy companies are planning a joint venture to build a new pipeline linking the Cushing oil storage hub with refineries near the Gulf of Mexico.
BY JAY F. MARKS [email protected] Oklahoman 1 Published: April 27, 2011
A new outlet for the crude oil piling up at the Cushing storage hub could be in place by the end of 2012, thanks to a pipeline project announced Tuesday by two Texas-based energy companies.
Enterprise Products Partners LP of Houston and Energy Transfer Partners LP of Dallas have agreed to a joint venture to design and build a pipeline from Cushing to the refining complex near the Gulf of Mexico.
The 584-mile pipeline would provide an outlet for more than 400,000 barrels of crude oil each day, reducing the glut of oil stranded at the Cushing hub.
The pipeline also would give Gulf Coast refiners improved access to domestic crude oil and a cheaper alternative to oil imports that make up most of their supply.
http://www.newsok.com/article/3562286