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Phillips 66 Talk Projects Update; Gray Oak, Bakken, DJ Basin

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Phillips 66 Talk Projects Update; Gray Oak, Bakken, DJ Basin

Phillips provided an update on multiple projects.

Project map

Source : Phillips 66, Shale Experts Presentation Database

Permian Region Phillips 66 Partners is constructing the 900,000 BPD Gray Oak Pipeline, which is anticipated to begin initial service in the fourth quarter of 2019. The pipeline will provide crude oil transportation from the Permian and Eagle Ford to Texas Gulf Coast destinations that include Corpus Christi, the Sweeny area, including the company's Sweeny Refinery, as well as access to the Houston market. Phillips 66 Partners has a 42.25% ownership in the pipeline. The Gray Oak Pipeline will connect to multiple terminals in Corpus Christi, including the South Texas Gateway Terminal currently being constructed by Buckeye Partners, L.P. The marine export terminal will have…
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