On April 12, Rangeland Energy began an open season for the 109-mile, 12-inch RIO Pipeline that is currently under construction. When it becomes operational--scheduled in July--it will transport more than 125,000 barrels per day of crude oil and condensate from the Delaware Basin to terminals in the Midland, Texas, market center and to takeaway pipelines headed to Cushing, Okla., the Gulf Coast and elsewhere.
The pipeline originates at Rangeland’s State Line terminal in Loving County, Texas, where Rangeland has constructed truck unloading and crude storage facilities. Unloading facilities and tanks also have been constructed at the destination terminal in Midland, where additional space is available to build customer-leased crude storage.
A long-term connection agreement has been executed with Plains Pipeline LP for delivery to the Plains Midland South terminal, giving shippers access to multiple terminals at Midland and outbound pipelines.
The open season will end on May 20.
Rangeland Energy is based in Sugar Land, Texas.
Recommended Reading
OFS Sector Loses Jobs, but Trade Org Says Growth Potential Remains
2024-05-08 - According to analysis by the Energy Workforce & Technology Council, the OFS job market may still have potential for growth despite a slight decrease in the sector in April.
Exxon Appoints Maria Jelescu Dreyfus to Board
2024-05-08 - Dreyfus is CEO and founder of Ardinall Investment Management, a sustainable investment firm, and currently serves on the board of Cadiz Inc. and Canada-based pension fund CDPQ.
E&P BW Energy Undergoes ‘Technical’ Ownership Restructuring
2024-05-08 - The restructuring will not involve any change to the ultimate control of BW Energy as the shares currently held by BW Group will be sold to BW Energy Holdings.
Hess Midstream Subsidiary Plans Private Offering of Senior Notes
2024-05-08 - The proposed issuance is not expected to have a meaningful impact on Hess Midstream’s leverage and credit profile, according to Fitch Ratings.
Wood Mackenzie Appoints Jason Liu as CEO
2024-05-07 - Liu replaces former CEO Mark Brinin, who is departing to pursue other opportunities, Wood Mackenzie said.