ETP begins binding open season for Texas/New Mexico pipeline

Energy Transfer Partners LP’s (NYSE: ETP) affiliate, ETP Crude LLC, will begin a binding open season for a new pipeline, the Delaware Basin Crude Gathering Pipeline, which will have the capacity to accept approximately 120,000 barrels per day of crude oil from receipt points located in Reeves County, Texas, and Lea County, New Mexico, for transportation to delivery points in Loving County, Texas, and Lea County, New Mexico. The open season began Aug. 6 and will end on Sept. 4.

Interstate service on the Delaware Pipeline will be subject to the jurisdiction of the US Federal Energy Regulatory Commission. This project, when completed, will consist of three separate gathering systems with an aggregate of 130 miles of pipe. The gathering systems will deliver crude oil into the Sunoco Logistics Partners LP (NYSE: SXL) Delaware Basin Extension.

The pipeline is projected to be in service in the first half of 2016.

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