Plains All American Pipeline LP (NYSE: PAA) and Delek Logistics Partners LP (NYSE: DKL) formed a joint venture (JV) through Caddo Pipeline LLC, Plains said March 23. The company will develop the 80-mile, 12-inch Caddo Pipeline.
The pipeline will move up to 80,000 barrels of crude oil from Longview, Texas, to Shreveport, La. It will begin in Longview at Plains’ Atlas terminal, taking crude to Shreveport-area refineries and Delek’s pipeline system supplying the Delek US Holdings (NYSE: DK) El Dorado, Ark., refinery.
Houston-based Plains will construct and operate the pipeline, and each company is 50/50 in the JV.
The project is expected to cost about $100 million, and the pipeline is scheduled to be completed in mid-2016.
Recommended Reading
Small Steps: The Continuous Journey of Drilling Automation
2024-12-26 - Incremental improvements in drilling technology lead to significant advancements.
From Days to Minutes: AI’s Potential to Transform Energy Sector
2024-11-22 - Despite concerns many might have, AI looks to be the next great tool for the energy industry, experts say.
Range Resources Counters M&A Peer Pressure with Drilling Efficiencies
2024-11-14 - Range Resources doesn’t feel the need to give into M&A peer pressure as it focuses on the efficient development of its current asset base, President and CEO Dennis Degner tells Hart Energy.
Microseismic Tech Breaks New Ground in CO2 Storage
2025-01-02 - Microseismic technology has proved its value in unconventional wells, and new applications could enable monitoring of sequestered CO2 and facilitate geothermal energy extraction.
New Texas 30-MW Data Center Begins Construction
2024-11-11 - Dataprana’s 30-megawatt data center in La Marque, Texas will help satiate the growing demand for cloud services, Web3 applications and digital asset mining.