Print 
During its recent call with analysts, Phillips 66 said that it plans to increase the capacity of the Gray Oak Pipeline, which services the Permian Basin.
The pipeline will increase its capacity to 900,000 BPD (up from 800,000 initially).
In the call, the company commented: "Phillips 66 Partners recently completed the expansion open season for the Gray Oak pipeline. Gray Oak will provide crude oil transportation from the Permian in Eagle Ford to Texas Gulf Coast destinations, including our Sweeny Refinery. The pipeline will have an initial capacity of 800,000 barrels per day, based upon shipper commitment to 700,000 barrels per day and the reservation of walk-up capacity for shippers.
"The Grey Oak pipeline will provide 900,000 barrels a day of crude oil transportation from the Permian and the Eagle Ford to Texas Gulf Coast destinations, including our Sweeney refinery. The project is supported by shipper commitments, and is on-schedule to be in service by the end of this year. Phillips 66 Partners is the operator and the largest owner."
More Midstream - Oil Pipeline News
Permian Production Improves, $500 Million Buyback; Plains All American
Plains All American Pipeline, today reported third-quarter 2020 results. Summary Highlights Reported net income for the quarter of $143 million Delivered third-quarter 2020 Adjusted EBITDA of $682 million…
Energy Transfer Uses Force Majeure as Shippers Renege on Dakota Access Expansion
Energy Transfer LP has invoked force majeure in an attempt to force E&P companies to remain committed to its Dakota Access Pipeline expansion, according to a report by…
Oryx Holds Open Season for Delaware Oil Pipeline Expansion
Oryx Midstream subsidiary Oryx Delaware Oil Transport LLC (ODOT) has launched a binding open season to obtain volume commitments to support a proposed expansion of a portion of…
Enbridge Gets Creative; Offers Storage for Crude on Canada Mainline Pipeline
Enbridge Inc. is offering crude storage on its Maineline pipeline in Canada as the oil price downturn leaves operators scrambling for a place to put their crude. According…
Phillips 66 To Cut Capex, Defer Permian Oil Pipeline Project
Phillips 66 said it is taking the following steps In Midstream, the Red Oak Pipeline and Sweeny Frac 4 projects, as well as Phillips 66 Partners’ Liberty Pipeline,…
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…