Velocity to build second SCOOP crude pipeline

Velocity Midstream Partners LLC wholly owned subsidiary Velocity Central Oklahoma Pipeline LLC will build a second oil pipeline through the South Central Oklahoma Oil Province (SCOOP), delivering to storage at Cushing, Okla., and CVR Refining LP’s Wynnewood, Okla., refinery.

Velocity has secured long-term anchor customers for the 41-mile 8-in. OD pipeline that will deliver as much as 100,000 b/d of truck-injected or pipeline-gathered oil. The new pipeline will directly connect to Velocity's previously announced 26-mile 12-in. OD Wynnewood Pipeline project, set to enter service April 2017 at an initial capacity of 45,000 b/d and a maximum capacity of 120,000 b/d.

The new pipeline runs parallel to Velocity's existing SCOOP system that is fully contracted and has a current capacity of 100,000 b/d. The new pipeline and planned gathering lines, coupled with four new-build truck injection terminals, will enable producers throughout the SCOOP to segregate heavier crude barrels, produced from the Springer and Woodford oil formations, from lighter barrels produced from the Woodford condensate formation.

Velocity expects to put the new line in service mid-2017, supporting increased SCOOP development activity and associated increases in crude oil and light oil production. Velocity says its multi-pipeline corridor through SCOOP allows it to reach more than 400,000 proved gross acres of the Woodford formation and more than 200,000 proved gross acres of the Springer formation, most of which is less than 10 miles from Velocity's main pipeline corridor.

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