Advantage Oil Pipeline
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Advantage Pipeline (also known as Pecos River Crude Oil Pipeline) is an oil pipeline in the United States.[1]
Contents
Location
The pipeline runs from Pecos, Texas, to Crane, Texas.
Project Details
- Operator: Plains All American Pipeline, Noble Midstream Partners[1]
- Current capacity: 150,000 barrels per day
- Proposed capacity:
- Length: 120 kilometers (75 miles)
- Status: Operating
- Start Year: 2012
Background
Advantage Pipeline is a 16-inch crude oil pipeline with a capacity of 150,000 barrels per day originating in eastern Reeves County, Texas, and running through Pecos and Ward Counties, to Crane County, Texas. The pipeline also includes approximately 490,000 barrels of combined crude storage at three separate trucking stations in Reeves, Pecos and Crane Counties. It was owned by Advantage Pipeline LLC.[2]
In February 2017 Plains All American (PAA) Pipeline and Noble Midstream Partners entered into definitive agreements to form a 50/50 joint venture (JV) to acquire Advantage Pipeline LLC for US$133 million. Noble will serve as operator and will construct a 15-mile pipeline to deliver crude oil to the Advantage Pipeline from its central gathering facility in the southern Delaware Basin. PAA will construct a pipeline to connect its Wolfbone Ranch facility to the Pecos River Pipeline near Highway 285. The connections are estimated to be completed in the second quarter of 2017.[2]
Articles and resources
References
- ↑ 1.0 1.1 Pecos River Crude Oil Pipeline, A Barrel Full, accessed September 2017
- ↑ 2.0 2.1 "Plains All American, Noble enter JV to acquire Advantage Pipeline," Oil & Gas Financial Journal, February 13, 2017