Plains All American Pipeline LP (NYSE: PAA) and Delek Logistics Partners LP (NYSE: DKL) say that Caddo Pipeline LLC is conducting an open season for committed capacity on a proposed new crude oil pipeline from Longview, Texas, to Shreveport, Louisiana. Caddo Pipeline LLC is a 50/50 joint venture between PAA and Delek Logistics. The open season process provides an opportunity for potential shippers to make long-term volume commitments for service from Longview to Shreveport in exchange for a discounted rate.
The proposed pipeline would originate at the Plains Longview, Texas, terminal and provide an initial capacity of approximately 80,000 barrels per day of light sweet crude to refineries in the Shreveport, Louisiana, area and Delek Logistics’ pipeline system supplying Delek US Holdings’ (NYSE: DK) El Dorado, Arkansas, refinery.
The open season ends at 5 p.m. CT on July 23.