San Mateo Black River Oil Pipeline, LLC (San Mateo), a wholly-owned subsidiary of San Mateo Midstream, LLC, has announced its binding open season to gauge shipper interest in committed crude oil interstate transportation service on the Stebbins Expansion Crude Oil Pipeline Project (Expansion Project), a proposed expansion of the existing San Mateo pipeline system in Eddy County, New Mexico.
The Expansion Project is a proposed expansion of the San Mateo system further north in Eddy County consisting of approximately 19 miles of various diameter crude pipelines from certain points of origin in Eddy County to the existing San Mateo interconnect with Plains Pipeline, L.P. in Eddy County. Commencement of commercial operations of the Expansion Project is targeted for the 3Q20.
This open season provides an opportunity for shippers to support the Expansion Project by making acreage dedications and volume commitments for priority (firm) service, or acreage dedications for non-firm committed service, thereby becoming committed shippers for the term of their transportation services agreements. The final volume of capacity for both committed and uncommitted service on the Expansion Project will be determined by San Mateo in part based on the results of this open season.
The binding open season begins 7 August, 2020 at 8:00 a.m. Central Time, and ends on 6 September, 2020 at 5:00 p.m. Central Time.
Read the article online at: https://www.worldpipelines.com/business-news/07082020/san-mateo-black-river-oil-pipeline-llc-announces-binding-open-season/
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