Privately-held midstreamer Jupiter Energy Group announced Thursday it’s doubled the length of time for the binding open season for its intrastate Texas crude oil project, the Jupiter Pipeline.
The original 90-day open season started last Nov. 30; the binding open season now ends on May 31, Kallanish Energy reports.
“We’re very pleased with the results of the initial open season period for the Jupiter Pipeline. The supplemental period validates our belief that the interest for transportation commitments on the pipeline is as substantial as expected,” said Albert Johnson, president of Houston-based Jupiter Pipeline LLC.
Jupiter will be a 650-mile, 36-inch crude pipeline, with origination points near Crane, Texas and Gardendale/Three Rivers in West Texas, with an offtake point in Brownsville, Texas.
As designed, Jupiter will be the only pipeline out of the Permian Basin that will access all three deepwater ports in Texas (Houston, Corpus Christi and Brownsville), with direct access to a VLCC (Very Large Crude Carrier) loading facility off the coast of Brownsville, according to its backers.
At Brownsville, the Jupiter Pipeline will connect to the Jupiter Brownsville Terminal, which will consist of up to 10 million barrels of storage, and three docks in the Port of Brownsville.
This post appeared first on Kallanish Energy News.