On. Sept. 29, Saddle Butte Rockies Midstream LLC said the binding open season for its Rockies South Pipeline began. The new interstate pipeline is designed to transport several grades of crude oil and condensate from the Denver-Julesburg Basin to points in Cushing, Okla. Saddle Butte has been negotiating commitments on the pipeline for the last several months with potential shippers, the company added.
The pipeline would extend about 600 miles from receipt points in Weld County, Colo., to terminate in Cushing. Saddle Butte is making its network of storage assets, at Cushing, available to committed shippers, the company said.
The project’s current design capacity allows for a total transport capacity of roughly 250,000 barrels per day. If sufficient commitments are received in the open season, this will be increased, the company noted.
If the open season is successful and the project receives all necessary permits and approvals, the pipeline is expected to be operational in third-quarter 2016.
The open season started on Sept. 29 and will close at 5 p.m. Mountain time on Oct. 29.
Recommended Reading
Markman: Is MethaneSAT Watching You? Yes.
2024-04-05 - EDF’s MethaneSAT is the first satellite devoted exclusively to methane and it is targeting the oil and gas space.
US Finalizes Big Reforms to Federal Oil, Gas Drilling
2024-04-12 - Under the new policy, drilling is limited in wildlife and cultural areas and oil and gas companies will pay higher bonding rates to cover the cost of plugging abandoned oil and gas wells, among other higher rates and costs.
US EPA Expected to Drop Hydrogen from Power Plant Rule, Sources Say
2024-04-22 - The move reflects skepticism within the U.S. government that the technology will develop quickly enough to become a significant tool to decarbonize the electricity industry.
Exclusive: Dan Romito Urges Methane Mitigation Game Plan
2024-04-08 - Dan Romito, the consulting partner at Pickering Energy Partners, says evading mitigation responsibility is "naive" as methane detection technology and regulation are focusing on oil and gas companies, in this Hart Energy Exclusive interview.
New US Rules Seek to Curb Leaks From Drilling on Public Lands
2024-03-27 - The U.S. Interior Department finalized rules aimed at limiting methane leaks from oil and gas drilling on public lands.