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ExxonMobil and Plains All American Pipeline to pursue Permian pipeline joint venture

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World Pipelines,

ExxonMobil and Plains All American Pipeline, L.P. have signed a letter of intent to pursue the creation of a joint venture to construct a pipeline to transport crude oil and condensate from multiple locations in the Permian basin to the Texas Gulf Coast.

The proposed common carrier pipeline would be designed to ship more than 1 million bpd of crude oil and condensate, providing a safe, efficient and cost-effective option to transport ExxonMobil and other third party production to market destinations in Texas.

The pipeline would originate in both Wink and Midland, Texas with delivery points in Webster, Baytown and Beaumont, Texas. A priority would be placed on using existing pipeline corridors to help limit potential community and environmental disruptions.

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US pipeline news Crude oil pipeline news ExxonMobil news