U.S. Oil Pipeline Projects Add Up to $13.3 Billion in Value
Industrial Info's Oil & Gas Pipeline database is tracking $13.3 billion in planned crude-oil pipeline projects in the U.S., including about $9.5 billion worth that are set to begin pipeline construction and $1.57 billion worth that are set to finish construction in 2018.
Industrial Info ranks the probability of each project moving forward as planned as high (81% or higher chance), medium (70% to 80%) or low (69% or lower). About $5.6 billion worth of the active crude-oil pipeline projects are in Texas, including:
- Plains All American Pipeline LP's $200 million Colorado City-to-Wichita Falls loop of the Permian-Cushing Crude Oil Pipeline, expected to carry 350,000 barrels per day (BBL/d)
- Buckeye Partners LP's $750 million Midland-to-Corpus Christi segment of the South Texas Gateway Pipeline, with pipeline transportation expected to carry 600,000 BBL/d
- EPIC Midstream Holdings LP's $750 million Permian-to-Eagle Ford segment of the Epic Pipeline, expected to carry 200,000 BBL/d
- Magellan Midstream Partners LP's $350 million Permian-to-Three Rivers Pipeline, expected to carry 375,000 BBL/d
Each of these projects currently are assessed as having a medium probability of moving forward as planned.
Farther north, Industrial Info is tracking Pilgrim Pipeline LLC's proposed Pilgrim Pipeline, which would transport up to 400,000 BBL/d of crude oil from Albany, New York, to a refinery in Linden, New Jersey. It is ranked as currently having a low probability of kicking off as planned.
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