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Phillips 66 to start open season for Liberty, Red Oak pipeline systems

Published 11/09/2018, 12:49 PM
© Reuters.  Phillips 66 to start open season for Liberty, Red Oak pipeline systems
  • Phillips 66 (PSX, PSXP) and Bridger Pipeline announce a joint open season for the proposed Liberty Pipeline, which will secure crude oil transportation service from the Rockies and Bakken production areas to Corpus Christi, Tex.
  • The pipeline, which is expected to have an initial throughput capacity of 350K bbl/day, is expected to be placed in service in Q4 2020.
  • PSX also announces an open season for the proposed Red Oak Pipeline, which will secure crude oil transportation service from Cushing, Okla., to the Texas Gulf coast.
  • Red Oak, which is expected to have an initial throughput capacity of 400K bbl/day, is anticipated to be placed in service in Q4 2020.
  • Now read: With The U.S. Exporting 20% Of Its Oil Production, What Midstream Companies Could Benefit?


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