Bayou Bridge Pipeline LLC said April 21 it has started commercial operations on the 30-inch segment of the pipeline from Nederland, Texas, to Lake Charles, La.
Bayou Bridge is jointly owned by subsidiaries of Phillips 66 Partners LP (NYSE: PSXP), Energy Transfer Partners LP (NYSE: ETP) and Sunoco Logistics Partners LP (NYSE: SXL).
In addition, the joint venture completed a successful binding expansion open season to assess additional interest in transportation service from Nederland, Texas, to refining markets east of Lake Charles on the Bayou Bridge Pipeline. Based on shipper commitments, the Louisiana segment of the pipeline from Lake Charles to St. James will be 24 inches in diameter.
At Lake Charles, Bayou Bridge has agreed to connect to Phillips 66 Partners’ Clifton Ridge terminal and Citgo’s Lake Charles refinery. At St. James, Bayou Bridge has agreed to connections to Plains Marketing LP’s and NuStar Energy LP’s (NYSE: NS) crude oil terminals.
Bayou Bridge also is in discussions with additional parties to connect to the extensive existing crude oil terminalling infrastructure in the region.
Bayou Bridge remains on schedule with respect to the 24-inch segment to St. James, and commercial operations for this segment are expected to begin in the second half of 2017, according to the release.
Recommended Reading
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
2024-04-25 - Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.
Energy Transfer Ups Quarterly Cash Distribution
2024-04-25 - Energy Transfer will increase its dividend by about 3%.
ProPetro Ups Share Repurchases by $100MM
2024-04-25 - ProPetro Holding Corp. is increasing its share repurchase program to a total of $200 million of common shares.
Baker Hughes Hikes Quarterly Dividend
2024-04-25 - Baker Hughes Co. increased its quarterly dividend by 11% year-over-year.
Weatherford M&A Efforts Focused on Integration, Not Scale
2024-04-25 - Services company Weatherford International executives are focused on making deals that, regardless of size or scale, can be integrated into the business, President and CEO Girish Saligram said.