Phillips 66’s subsidiary called a binding open season on June 7 for its Blue Line System, an NGL network that provides services from Wichita, Kansas, to Jefferson City, Missouri and East St. Louis, Illinois.
The subsidiary, Phillips 66 Pipeline, will end the open season at 5 p.m. on July 6.
Producers will be able to secure long-term transportation for LPG, specifically propane and butane.
Tariff information on the system is available on Phillips’ website and filed with the Federal Energy Regulatory Commission.
Phillips 66 said in a press release that the transportation services are expected to be available during the winter season, October through March, by fourth quarter 2024.
Interested parties are required to agree to a confidentiality agreement. Additional information is available by contacting Phillips 66 at Resource.BlueLineOpenSeason@p66.com.
Recommended Reading
Private Equity Gears Up for Big Opportunities
2024-10-04 - The private equity sector is having a moment in the upstream space.
Companies Take Advantage of ABSs to Finance Acquisitions
2024-10-17 - Some companies have taken advantage of asset-backed securitizations to monetize some of their cash flows and better position themselves for a sale.
Energy Sector Sees Dramatic Increase in Private Equity Funding
2024-11-21 - In a 10-day period, private equity firms announced almost $20 billion in energy funding. Is an end in sight for the fossil fuel capital drought?
After BKV’s IPO, Is Market Open to More Public SMID Caps?
2024-10-03 - The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.
E&P Consolidation Ripples Through Energy Finance Providers
2024-12-01 - Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.