Energy Transfer Partners Announces Binding Open Season for Crude Oil Pipeline in Texas and New Mexico
August 05 2015 - 8:30AM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) today
announced that its affiliate, ETP Crude LLC (“ETP Crude”), will
commence a binding Open Season for a new pipeline, the Delaware
Basin Crude Gathering Pipeline (“Delaware Pipeline” or “Pipeline”),
that will have the capacity to accept approximately 120,000 barrels
per day of crude oil from receipt points located in Reeves County,
Texas and Lea County, New Mexico for transportation to delivery
points in Loving County, Texas and Lea County, New Mexico.
Interstate service on the Delaware Pipeline will be subject to the
jurisdiction of the Federal Energy Regulatory Commission.
This project, when completed, will consist of three separate
gathering systems with an aggregate of approximately 130 miles of
pipe. The gathering systems will deliver crude oil into the Sunoco
Logistics Partners L.P. (NYSE: SXL) Delaware Basin Extension. The
Pipeline is projected to be in service in the first half of
2016.
The Open Season is scheduled to begin today and end on September
4, 2015. All bids must be submitted to ETP Crude by 5:00 pm Central
Time on September 4, 2015. Additional information regarding the
pipeline and the Open Season can be found on ETP’s website at
http://www.energytransfer.com/ops_etp_crude.aspx.
All requests for Open Season Documents, presentation of bids,
and other correspondence should be directed to:
Orin AtkinsDirector – Business
Development214-840-5655orin.atkins@energytransfer.com
Energy Transfer Partners, L.P. (NYSE: ETP)
is a master limited partnership owning and operating one of the
largest and most diversified portfolios of energy assets in the
United States. ETP’s subsidiaries include Panhandle Eastern Pipe
Line Company, LP (the successor of Southern Union Company) and Lone
Star NGL LLC, which owns and operates natural gas liquids storage,
fractionation and transportation assets. In total, ETP currently
owns and operates more than 62,000 miles of natural gas and natural
gas liquids pipelines. ETP also owns the general partner, 100% of
the incentive distribution rights, and approximately 67.1 million
common units in Sunoco Logistics Partners L.P. (NYSE: SXL), which
operates a geographically diverse portfolio of crude oil and
refined products pipelines, terminalling and crude oil acquisition
and marketing assets. ETP owns 100% of Sunoco, Inc. and 100% of
Susser Holdings Corporation. Additionally, ETP owns the general
partner, 100% of the incentive distribution rights and
approximately 66% of the limited partner interests in Sunoco LP
(formerly Susser Petroleum Partners LP) (NYSE: SUN), a wholesale
fuel distributor and convenience store operator. ETP’s general
partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE). For
more information, visit the Energy Transfer Partners, L.P. website
at www.energytransfer.com.
Statements about the offering may be forward-looking statements.
Forward-looking statements can be identified by words such as
“anticipates,” “believes,” “intends,” “projects,” “plans,”
“expects,” “continues,” “estimates,” “goals,” “forecasts,” “may,”
“will” and other similar expressions. These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of uncertainties and factors, many of
which are outside the control of ETP, and a variety of risks that
could cause results to differ materially from those expected by
management of ETP. Important information about issues that could
cause actual results to differ materially from those expected by
management of ETP can be found in ETP’s public periodic filings
with the SEC, including its Annual Report on Form 10-K. ETP
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results over
time.
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Investor Relations:Energy Transfer Partners, L.P.Brent
Ratliff, 214-981-0700Lyndsay Hannah, 214-840-5477orMedia
Relations:Granado Communications GroupVicki Granado,
214-599-8785cell: 214-498-9272
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