Seaway Begins Open Season
December 21 2018 - 7:30AM
Business Wire
Seaway Crude Oil Pipeline Company LLC today announced the start
of a binding open season to gauge shipper support for expanded
crude oil capacity on its existing system originating in Cushing,
Oklahoma and extending to the Texas Gulf Coast area. The expansion
could provide approximately 100,000 barrels per day of incremental
capacity, projected to be available by February 1, 2019. The final
volume of capacity for committed and uncommitted service, as well
as the points of origin and destination, will be determined based
on the results of the open season.
The open season, which began today at 9 a.m. CST, will continue
until 5 p.m. CST on January 21, 2019. Interested shippers should
direct their questions and requests for open season documents to
Jared Gayhart at (713) 381-6944 or jmgayhart@eprod.com.
Seaway Crude Pipeline Company LLC is a 50/50 joint venture owned
by affiliates of Enterprise Products Partners L.P. (NYSE: EPD) and
Enbridge Inc. (NYSE/TSX: ENB). In addition to the pipeline that
transports crude oil from Cushing to the Gulf Coast, the Seaway
system includes a terminal and distribution network originating in
Texas City, Texas, which serves refineries locally and in the
Houston area, and dock facilities at Freeport and Texas City. For
additional information, please visit www.seawaypipeline.com.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission and
“forward-looking information” within the meaning of applicable
Canadian securities legislation (collectively, “forward-looking
statements”). All statements, other than statements of historical
fact, included herein that address activities, events, developments
or transactions that Enterprise and Enbridge expect, believe or
anticipate will or may occur in the future, including anticipated
benefits and other aspects of such activities, events, developments
or transactions, are forward-looking statements. Although
Enterprise and Enbridge believe that the forward-looking statements
included herein are based on information and assumptions which are
current, reasonable and complete, these statements are necessarily
subject to a variety of risks and uncertainties, including required
approvals by regulatory agencies, the possibility that the
anticipated benefits from such activities, events, developments or
transactions cannot be fully realized, the possibility that costs
or difficulties related thereto will be greater than expected, the
impact of competition and other risks and uncertainties included in
the reports filed with the Securities and Exchange Commission by
Enterprise and Enbridge, respectively, and in the filings made by
Enbridge with Canadian securities regulatory authorities. While
Enterprise and Enbridge make these forward-looking statements in
good faith, should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may differ materially from those expected. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates. Except as required
by law, neither Enterprise nor Enbridge intends to update or revise
its forward-looking statements, whether as a result of new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20181221005092/en/
Randy Burkhalter, Investor Relations (713) 381-6812 or (866)
230-0745Rick Rainey, Media Relations (713) 381-3635
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