Phillips 66 has announced an open season to secure binding commitments from prospective shippers for the Reeves-Odessa Origination (Rodeo) project.
As proposed, the Rodeo project will include a pipeline system for crude oil transportation for both producers and other shippers in the Delaware Basin, with origination stations in Reeves, Loving, Odessa and Winkler (Texas). The pipeline system will include destination options at Wink (Texas); the Phillips 66 Partner’s Odessa station; a new terminal to be built near Odessa as part of the Rodeo Project; and at Midland (Texas).
The Rodeo project will have an anticipated initial throughput capacity of up to 130 000 bpd, with an ultimate potential throughput capacity of up to approximately 450 000 bpd, depending on shipper commitments in the open season. The pipeline system is expected to be in service in the 2H18.
The open season will commence at 8 am CDT on 24 March 2017.