Monday, August 13, 2018

Oryx extends open season for Delaware Basin system

Oryx Midstream Services II said Friday it’s extending the joint open season for its proposed crude oil gathering and trunk line transportation system that will serve the liquids-rich Delaware Basin in Texas/New Mexico.

The joint binding open season launched July 10, and was initially scheduled to conclude on Aug. 9. Given the strong demand received for the proposed gathering and transportation system, Oryx has elected to extend the open season through Aug. 31.

The new system is expected to consist of roughly 400 miles of new gathering and transportation pipeline, with approximately 650,000 barrels per day of throughput capacity and more than 1.5 million barrels (Mmbbl) of storage capacity.

The new gathering and transportation system will span the Delaware Basin and is expected to provide services to Lea and Eddy counties in New Mexico, and Loving, Reeves, Ward, Winkler and Culberson counties in West Texas, Kallanish Energy reports.

Construction on the new system has begun and the regional transportation pipeline, which will connect Oryx’s Carlsbad station to the Crane and Midland, Texas, market hubs, is expected to be fully commissioned during the fourth quarter of this year. 

The full system is expected to be complete in the second quarter of 2019. Upon completion, and when combined with Oryx Midstream Services assets, Oryx’s total Delaware Basin system capacity will exceed 850,000 Bpd.


https://www.shaledirectories.com/blog/oryx-extends-open-season-for-delaware-basin-system/

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