HOUSTON, Dec. 11, 2017 /PRNewswire/ - Phillips 66 (NYSE:
PSX) and Enbridge Inc. (NYSE: ENB) today announced an open season
for the Gray Oak Pipeline. The Gray Oak Pipeline will provide
producers and other shippers the opportunity to secure crude oil
transportation from West Texas to
the destination markets of Corpus
Christi, Freeport, and
Houston, Texas, with connectivity
to over 3 million barrels per day (BPD) of refining capacity and
multiple dock facilities capable of crude oil exports. Shippers
will have the option to select from origination stations in
Reeves, Loving, Winkler, and Crane counties in West Texas.
The Gray Oak Pipeline is expected to have an initial throughput
capacity of 385,000 BPD. Phillips 66 and Enbridge will evaluate
expansion of the system beyond 385,000 BPD, depending on shipper
interest in the open season. The pipeline system is anticipated to
be placed in service in the second half of 2019.
The open season will commence at 12 p.m.
CST on Dec. 11, 2017. Prior to
participating in the open season, interested parties must execute a
confidentiality agreement to govern the receipt of the open season
documentation. For a form of confidentiality agreement and
additional information regarding the Gray Oak Pipeline, please
contact Corey Leonard at
Corey.Leonard@p66.com or Jarrod
Tessier at Jarrod.Tessier@enbridge.com.
About Phillips 66
Phillips 66 is a diversified
energy manufacturing and logistics company. With a portfolio of
Midstream, Chemicals, Refining, and Marketing and Specialties
businesses, the company processes, transports, stores and markets
fuels and products globally. Phillips 66 Partners, the company's
master limited partnership, is an integral asset in the portfolio.
Headquartered in Houston, the
company has 14,600 employees committed to safety and operating
excellence. Phillips 66 had $53
billion of assets as of Sept. 30,
2017. For more information, visit www.phillips66.com or
follow us on Twitter @Phillips66Co.
About Enbridge Inc.
Enbridge Inc. is
North America's premier energy
infrastructure company with strategic business platforms that
include an extensive network of crude oil, liquids and natural gas
pipelines, regulated natural gas distribution utilities and
renewable power generation. The company safely delivers an average
of 2.8 million barrels of crude oil each day through its Mainline
and Express Pipeline; accounts for approximately 65% of U.S.-bound
Canadian crude oil exports; and moves approximately 20% of all
natural gas consumed in the U.S., serving key supply basins and
demand markets. The company's regulated utilities serve
approximately 3.6 million retail customers in Ontario, Quebec, New
Brunswick and New York
State. Enbridge also has a growing involvement in
electricity infrastructure with interests in more than 2,500 MW of
net renewable generating capacity in North America and Europe. The company has ranked on the Global
100 Most Sustainable Corporations index for the past eight years;
its common shares trade on the Toronto and New
York stock exchanges under the symbol ENB. Life takes energy
and Enbridge exists to fuel people's quality of life. For more
information, visit www.enbridge.com.
SOURCE Enbridge Inc.