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XTO Signs Permian Gas Shipper Agreement; EagleClaw

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   |    Sunday,August 12,2018

Blackstone backed-EagleClaw Midstream, Kinder Morgan and Apache has annouced that ExxonMobil has signed a letter of intent to support the proposed Permian Highway Pipeline Project.

Under the letter of intent, ExxonMobil subsidiary XTO Energy may contract for up to 450,000 dekatherms per day (Dth/d) of capacity on the pipeline.

The approximately $2 billion PHP Project will provide an outlet for increased natural gas production from the Permian Basin to growing market areas along the Texas Gulf Coast and is designed to transport up to 2 billion cubic feet per day (Bcf/d) of natural gas through approximately 430 miles of 42-inch pipeline from the Waha to Katy, Texas, areas, with connections to the U.S. Gulf Coast and Mexico markets.

The PHP Project is expected to be in service in late 2020, subject to the execution of definitive agreements and the receipt of construction permits.

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