Energy Transfer Announces Binding Open Season for Project Permian Express 3
May 15 2017 - 7:40PM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP” or the
“Partnership”) today announced that Permian Express Terminal LLC
and Permian Express Partners LLC will commence a binding Open
Season for Permian Express 3. The project is being developed to
deliver crude oil from the Permian Basin to multiple markets.
Permian Express 3 is initially expected to provide
transportation of up to 100,000 barrels per day, with service
commencing in the fourth quarter of 2017.
Additional committed service opportunities are expected to be
offered in future open seasons that will provide for an estimated
total capacity of up to 300,000 barrels per day.
The initial phase of the project will provide Midland Basin
producers new crude oil takeaway capacity from this rapidly growing
area to the Nederland, Texas, market. Future phases of the project
are anticipated to offer crude oil transportation service from the
Delaware Basin to multiple markets.
The Open Season will commence on May 16, 2017. Subject to the
terms of the Open Season, incentive rates will be available to
shippers making long-term volume commitments during the Open
Season. The Notice of Open Season will be available on the website
at: http://www.energytransfer.com/Permian-Express-3/index.html.
More information about the Open Season is available by
contacting:Chris Martin281-637-6548Senior Director, Business
Developmentchris.martin@energytransfer.com
Energy Transfer Partners, L.P. (NYSE: ETP) is a
master limited partnership that owns and operates one of the
largest and most diversified portfolios of energy assets in the
United States. Strategically positioned in all of the major U.S.
production basins, ETP owns and operates a geographically diverse
portfolio of complementary natural gas midstream, intrastate and
interstate transportation and storage assets; crude oil, natural
gas liquids (NGL) and refined product transportation and
terminalling assets; NGL fractionation; and various acquisition and
marketing assets. ETP’s general partner is owned by Energy Transfer
Equity, L.P. (NYSE: ETE). For more information, visit the Energy
Transfer Partners, L.P. website at www.energytransfer.com.
Forward-Looking Statements
This news release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in the Partnership’s Annual Report on
Form 10-K and other documents filed from time to time with the
Securities and Exchange Commission. The Partnership undertakes no
obligation to update or revise any forward-looking statement to
reflect new information or events.
The information contained in this press release is available on
our website at www.energytransfer.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170515006794/en/
Energy TransferInvestor Relations:Lyndsay Hannah, Brent
Ratliff, Helen Ryoo, 214-981-0795orMedia Relations:Vicki
Granado, 214-840-5820
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