Oryx Launches Binding Open Season on Proposed Expansion of Delaware System
(P&GJ) — Oryx Delaware Oil Transport LLC (ODOT) has announced the launch of a binding open season to obtain volume commitments to support a proposed expansion of a portion of ODOT’s pipeline system.
Specifically, the company is proposing an expansion of capacity on the ODOT system from ODOT’s Crane Station in Crane, Texas to the destination point at Gray Oak Pipeline, LLC’s Crane Station, also in Crane, Texas (Expansion).
The Open Season begins at 8:00 a.m. CDT, May 18, 2020 and is scheduled to end at 5:00 p.m. CDT on June 17, 2020.
The open season process provides potential shippers the opportunity to obtain firm capacity on the Expansion by making volume commitments to ODOT during the binding open season timeframe.
Shippers that elect to execute a transportation services agreement and make volume commitments on the Expansion during the binding open season will receive firm capacity rights up to an amount equal to each shipper’s elected volume commitment.
A copy of the Open Season Notice, which provides a high-level summary of the key terms set forth in the transportation services contracts can be found at Oryx’s website http://www.oryxmidstream.com/customer-center.
Copies of the Open Season procedures and the transportation services contract will be available to interested shippers upon the execution of a confidentiality agreement. Requests should be directed to Will Abney via phone at (432) 253-0135 or via email at will@oryxmidstream.com.
All binding commitments must be received by 5:00 p.m. CDT on June 17, 2020.
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