June 24, 2015 [OPIS] - Plains All American Pipeline said on Tuesday that it is conducting an open season for committed capacity on a proposed new crude oil pipeline from Cushing, Okla., to Longview, Texas.
Longview is located east of Dallas in North Texas.
The open season process provides an opportunity for potential shippers to offer long-term volume commitments for service from Cushing to Longview in exchange for a discounted rate.
The proposed pipeline would originate at the Plains Cushing, Okla., Terminal and provide an initial capacity of approximately 120,000 b/d of light sweet crude to Longview, Texas.
By submitting a binding proposal, bidders are offering to enter into a long-term throughput and deficiency agreement for pipeline capacity.
The open season begins on June 23, 2015 and will end at 5 p.m. CT on July 23, 2015.
Plains All American Pipeline is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined
products.
Plains owns a network of pipeline transportation, terminaling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada.
On average, Plains handles over 4.2 million b/d of crude oil and NGL on its pipelines. Plains is headquartered in Houston, Texas.
