Open Season Starts for Eagle Ford Segment of Gray Oak
Phillips 66 Partners said its Gray Oak Pipeline subsidiary will commence open season today for the Eagle Ford segment of the crude oil pipeline.
Interested shippers will have the opportunity to secure long-term crude oil transportation on the Gray Oak Pipeline from the Helena Hub and Three Rivers terminal to the Corpus Christi and Sweeny/Freeport markets under a binding transportation services agreement.
Phillips said Gray Oak has received sufficient binding volume commitments for the planned Eagle Ford pipeline segment and associated infrastructure. Service from the Helena Hub and Three Rivers terminal is expected to begin by the end of 2019.
Phillips commenced full operations in 2015 of its Eagle Ford crude gathering system, which consists of two pipelines and a storage facility near Helena and Tilden, Texas. The gathering system connects Eagle Ford production to third-party pipelines.
Gray Oak Pipeline, LLC, is a joint venture owned 75 percent by Phillips 66 Partners and 25 percent by Andeavor (NYSE: ANDV).
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