Advantage Oil Pipeline

From Global Energy Monitor
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Advantage Oil Pipeline, also known as Pecos River Crude Oil Pipeline, is an operating oil pipeline in the USA.[1]

Location

The pipeline runs from Pecos, Texas to Crane, Texas, USA.

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Project Details

  • Operator:
  • Owner: Advantage Partners, LLC
  • Parent company: Chevron (50%), Plains All American Pipeline (50%)[2][3]
  • Capacity: 150,000 barrels per day[3]
  • Length: 70 miles[3]
  • Diameter: 16 inches
  • Status: Operating
  • Start Year: 2012

Background

Advantage Pipeline is a 16-inch crude oil pipeline with a capacity of 150,000 barrels per day originating in eastern Reeves County, Texas, and running through Pecos and Ward Counties, to Crane County, Texas. The pipeline also includes approximately 490,000 barrels of combined crude storage at three separate trucking stations in Reeves, Pecos and Crane Counties. It is owned by Advantage Pipeline LLC.[4]

In February 2017 Plains All American (PAA) Pipeline and Noble Midstream Partners entered into definitive agreements to form a 50/50 joint venture (JV) to acquire Advantage Pipeline LLC for US$133 million. Noble will serve as operator and will construct a 15-mile pipeline to deliver crude oil to the Advantage Pipeline from its central gathering facility in the southern Delaware Basin. PAA will construct a pipeline to connect its Wolfbone Ranch facility to the Pecos River Pipeline near Highway 285. The connections are estimated to be completed in the second quarter of 2017.[4]

Advantage Partners, LLC was initially a joint venture between Noble Midstream Partners and Plains All American Pipeline. In 2021, Chevron acquired Noble Midstream Partners.[5]

Articles and resources

References

  1. Pecos River Crude Oil Pipeline, A Barrel Full, accessed September 2017
  2. Asset Data, IJGlobal, accessed Aug. 27, 2020
  3. 3.0 3.1 3.2 "Advantage Pipeline". Noble Midstream. Retrieved 2022-02-18.
  4. 4.0 4.1 "Plains All American, Noble enter JV to acquire Advantage Pipeline," Oil & Gas Financial Journal, February 13, 2017
  5. "Chevron announces agreement to acquire Noble Midstream Partners". Chevron. Retrieved 2022-02-18.

Related GEM.wiki articles

External resources

External articles