Phillips 66 Partners (NYSE: PSXP) said Nov. 9 that the Gray Oak Pipeline LLC is launching a binding expansion open season to solicit shipper commitments for services from West Texas.
The expansion open season will provide an opportunity for interested shippers to secure long-term crude oil transportation with the Gray Oak Pipeline under binding transportation services agreements.
The expansion includes new takeaway capacity from Gray Oak Pipeline origination stations in West Texas to destinations in the Corpus Christi and Freeport markets. The final scope and capacity will depend on the outcome of the expansion open season. The pipeline expansion is expected to be placed in service in the fourth quarter of 2020.
The expansion open season will commence Nov. 12, 2018 at 12 p.m. CT. Prior to participating in the open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. For a form of confidentiality agreement and additional information regarding the expansion of the Gray Oak Pipeline, please contact Corey.Leonard@p66.com.
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