DALLAS—Energy Transfer LP (NYSE: ET) and Phillips 66 Partners LP (NYSE: PSXP) on April 22 announced that Bayou Bridge Pipeline LLC, a joint venture owned by subsidiaries of Energy Transfer and Phillips 66 Partners, launched a non-binding expansion open season to solicit shipper interest for expanded joint tariff transportation service received from certain connecting carriers onto the Bayou Bridge Pipeline System. Bayou Bridge is evaluating joint tariff service from origin points in the Bakken/Three Forks Region in North Dakota; Patoka, Ill.; the Powder River Basin in Wyoming; the D-J Basin in Colorado; Cushing, Okla.; and the Permian Basin.
Bayou Bridge is owned 60% by Energy Transfer and 40% by Phillips 66 Partners, and is operated by a wholly owned subsidiary of Energy Transfer Operating LP.
In addition to the routes that are the subject of this non-binding expansion open season, Bayou Bridge also continues to evaluate additional Southern Louisiana destination points to increase optionality for shippers on the system. Information regarding these additional destinations will be provided to interested shippers upon request.
Following a confirmation of shipper interest, Bayou Bridge will hold a binding expansion open season to finalize committed subscriptions. The incremental capacity that will be created on the various pipeline systems will be determined based on committed subscriptions made by shippers during the binding expansion open season.
The non-binding expansion open season commenced at 1 p.m. CDST on April 22.
Bona fide potential shippers that desire to receive information regarding this non-binding expansion open season should contact dlBBPL@energytransfer.com.
Recommended Reading
Oil Prices Jump 4% on Reports of Iran Preparing to Attack Israel
2024-10-01 - An Israeli attack on Iranian oil production or export facilities could cause a material disruption, potentially more than a 1 MMbbl/d.
Oil Falls as Swelling US Supply Counters Middle East and Hurricane Risks
2024-10-09 - Oil fell on rising U.S. crude inventories but the risk of supply disruption from the Middle East and Hurricane Milton curbed price declines.
Kissler: How Long Will Geopolitical Unrest Support Crude Prices?
2024-10-10 - Slower global economic growth pulls prices in the opposite direction even as oil prices were up about 4% on Oct. 10 due to factors including risks to Middle East supply.
Geopolitical Tensions Complicate Oil Price Predictions
2024-10-14 - Geopolitical tensions around the world are an ongoing wildcard for oil prices in the near-term, according to BOK Financial Securities’ Dennis Kissler. U.S. producers will have to pivot off of whatever hand they are dealt.
Psst: NatGas Futures Haven’t Priced in AI Power Demand Yet
2024-10-23 - Gas-fired power demand is coming for AI-enhanced data generation as Microsoft, Amazon and others race to stay on top—and not go the way of IBM—analysts said at a Pittsburgh energy forum.