Medallion Pipeline Company, LLC has announced a binding open season to solicit binding, long-term commitments for firm transportation utilising capacity that Medallion has leased on the crude oil pipeline owned by EPIC Crude Pipeline, LP (EPIC Pipeline). The EPIC Pipeline, which is currently being constructed, will provide potential shippers with access to multiple destination points including refinery and crude oil export markets through the Port of Corpus Christi. Prospective shippers will have the opportunity to participate in the open season to acquire firm transportation capacity by making a minimum volume commitment of 10 000 bpd to Medallion pursuant to a volume commitment transportation agreement (Transportation Services Agreement).
The existing Medallion pipeline is a network of approximately 800 miles of 6 in. and larger crude oil pipeline in the Midland Basin. The Medallion system consists of eight pipeline segments providing diversified market access to seven downstream pipelines, which interconnect with the Medallion system at three major market hubs at the Crane Hub, Midland Hub, Colorado City Hub as well as the Alon USA Big Spring refinery. At the Crane Hub, the Medallion Pipeline will interconnect with the EPIC Pipeline. Service utilising the leased capacity is expected to commence during 1Q20.
Open season process
The open season begins today, 19 July 2019 and ends Friday 16 August 2019 at 4.00 pm Central Daylight Time. All bids must be submitted during the open season.
Read the article online at: https://www.worldpipelines.com/business-news/19072019/medallion-pipeline-launches-binding-open-season/