Explorer Pipeline Launches Binding Open Season

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Explorer Pipeline Company announced  a binding open season to secure shipper commitments to support the development of a proposed extension of Explorer’s pipeline system.

The proposed project will provide transportation services from points of origin in the U.S. Gulf Coast to a new delivery point near Melissa, Texas.

Upon completion of the Expansion Project, shippers will be able to obtain transportation service from the U.S. Gulf Coast receipt points on Explorer’s system to the new delivery point near Melissa, Texas.

A new terminal is also planned to be constructed at the terminus of the Expansion Project, which will be owned and operated by U.S. Oil. The binding open season concludes November 11.

Shippers interested in becoming committed shippers on the Expansion Project must make a volume commitment of at least 2,500 bpd. Shippers that make a volume commitment will have the ability to receive priority capacity, up to an amount of their volume commitments, during periods of pro-rationing, subject to the payment of a premium rate.

Shippers that make a volume commitment and do not receive priority capacity will be subject to discounted rates compared to the rates assessed to walk-up shippers, with the amount of the discount dependent on the level of the shipper’s volume commitment.

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