Tag Archives: crude

New Pipelines Drain West Texas Crude Stocks to 4-Month Low

HOUSTON (Reuters) – Crude inventories in West Texas dropped this week to the lowest in four months after a converted pipeline began transporting crude from the nation’s biggest shale oil field to the U.S. Gulf Coast, data from market intelligence provider Genscape showed. The drop-in storage in the Permian Basin is another sign that new pipelines out of the region have begun to alleviate a crude bottleneck that depressed local crude prices as production overwhelmed pipeline capacity and filled storage tanks. Crude inventories in the Permian Basin fell to 15 million barrels in the week […]

TransCanada Restarts Shut Portion of Keystone Oil Pipeline

WINNIPEG, Manitoba (Reuters) – TransCanada restarted a section of the Keystone oil pipeline on Tuesday, following a leak in Missouri earlier this month, company spokesman Terry Cunha said. TransCanada had shut an arm of Keystone from Steele City, Neb. to Patoka, Ill., on Feb. 6 after leaking 43 barrels of crude oil. The shutdown restricted the flow on the 590,000 bpd Keystone pipeline system, a critical artery taking Canadian crude from northern Alberta to refineries in the U.S. Midwest. The line restarted with a 20% reduction of pressure, a spokesman for U.S. regulator PHMSA said. […]

Oryx Midstream Services Announces Successful Open Season

MIDLAND, Texas – Oryx Midstream Services announced the successful completion of the open season for a new regional crude oil gathering and transportation system that will provide additional pipeline capacity across the Northern Delaware Basin. The system will extend into Carlsbad, Eddy, Lynch and Lea County in New Mexico, near the state line shared with Texas. Construction on the new system is ongoing and Oryx expects to complete the initial phases of the project in the second half of 2018, with the system expansion expected to be completed in the second quarter of 2019. The […]

Tallgrass Develops Seahorse Crude Pipeline

September 2018

Tallgrass Energy LP announced plans to develop a new crude oil pipeline from Cushing, OK, to the St. James, LA, refining complex, as well as a separate new export-capable liquids terminal strategically located near the mouth of the Mississippi River. The proposed Seahorse Pipeline is expected to be 30 inches in diameter and approximately 700 miles long, with the capacity to transport up to 800 Mbpd of crude oil from Cushing to the Louisiana Gulf Coast. The pipeline will operate as a common grade batch system that, along with Tallgrass’ Pony Express Pipeline, will ensure […]