Energy Transfer and Centurion Pipeline to Provide Joint Tariff Crude Oil Service From Platteville and Cushing to Nederland
April 01 2021 - 5:30PM
Business Wire
Energy Transfer LP (NYSE: ET) and Centurion Pipeline
L.P. ("Centurion") announced today that they will post a joint
tariff for crude oil transportation service from ET’s terminals in
Platteville, Colorado and Cushing, Oklahoma to ET’s Nederland,
Texas terminal.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210401005923/en/
The joint tariff service utilizes existing ET and Centurion
pipeline assets that will be linked together via new connections in
Oklahoma. The joint tariff service is expected to commence service
by June 1, 2021. The joint tariff service may also be expanded to
include an origin point of Guernsey, Wyoming. For parties
interested in becoming a committed shipper, please contact Misbah
Tukdi at Misbah.tukdi@energytransfer.com or Scott Hutson at
Scott_Hutson@centurionpl.com.
About Energy Transfer LP
Energy Transfer LP (NYSE: ET) owns and operates one of the
largest and most diversified portfolios of energy assets in the
United States, with a strategic footprint in all of the major
domestic production basins. ET is a publicly traded limited
partnership with core operations that include 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. ET, through its ownership
of Energy Transfer Operating, L.P., also owns Lake Charles LNG
Company, as well as the general partner interests, the incentive
distribution rights and 28.5 million common units of Sunoco LP
(NYSE: SUN), and the general partner interests and 46.1 million
common units of USA Compression Partners, LP (NYSE: USAC). For more
information, visit the Energy Transfer website at
energytransfer.com.
About Centurion Pipeline L.P.
Centurion Pipeline L.P. is a crude oil pipeline operator that
owns and operates approximately 3,000 miles of pipeline extending
from southeast New Mexico across the Permian Basin of West Texas to
delivery points at Midland, Texas, Cushing, Oklahoma, and Crane,
Texas. With a significant crude oil storage facility in Midland, TX
that has the capability to store approximately two million barrels
of multiple qualities of crude oil, the company is well positioned
to accommodate customer demand and provide connectivity to every
long-haul pipeline from the Permian to the Texas Gulf Coast.
Centurion is a wholly owned subsidiary of Lotus Midstream, LLC.
Energy Transfer 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, including the Partnership’s
Quarterly Report on Form 10-Q to be filed for the current period.
In addition to the risks and uncertainties previously disclosed,
the Partnership has also been, or may in the future be, impacted by
new or heightened risks related to the COVID-19 pandemic, and we
cannot predict the length and ultimate impact of those risks. The
Partnership undertakes no obligation to update or revise any
forward-looking statement to reflect new information or events.
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version on businesswire.com: https://www.businesswire.com/news/home/20210401005923/en/
Energy Transfer Contacts Investor Relations: Bill Baerg
Brent Ratliff Lyndsay Hannah 214-981-0795
Media Relations: Vicki Granado 214-840-5820
Centurion Contact
Media Contact: Casey Nikoloric 303.507.0510 m
casey.nikoloric@ten10group.com
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