“We are very pleased to announce these additional commitments,” said A.J. Teague, CEO of the general partner of Enterprise. “Our Midland to ECHO crude oil system is attractive to large producers in the Permian that control and market their own production. Our transportation, storage and distribution system connects Permian producers to dedicated storage facilities, over 4 million bpd per day of refinery demand on the Texas Gulf Coast as well as international markets through Enterprise’s export marine terminals on the Houston Ship Channel and Beaumont. We believe access to waterborne international markets is essential to Permian producers to maximise the value of their light crude oil and condensate production.”
The Midland to Sealy pipeline is expected to begin limited commercial activities during the fourth quarter of 2017. The pipeline is scheduled to be in full service, including the capability to batch four grades of crude oil, with 450 000 bpd of capacity by the second quarter of 2018. Committed volumes ramp up through 2021 with 90% of the total committed volumes scheduled to ramp up by the end of 2019.
