Oryx Pipeline System
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The Oryx Pipeline System is an oil pipeline in New Mexico and Texas, United States.[1]
Project details
Phase I
The pipeline runs through Carlsbad, New Mexico to Midland, Texas, United States.
- Operator: Oryx Midstream Services LLC
- Owner: Oryx Midstream Services LLC
- Parent company: Oryx Midstream Services LLC
- Capacity: 400,000 bpd[2]
- Length: 220 mi[2]
- Status: Operating[3]
- Financing: US$300 million equity financing in 2014 from Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, Oryx management and other unnamed private investors[4]
- Start year: 2019[5]
Phase II
- Operator: Oryx Midstream Services LLC
- Owner: Oryx Midstream Services LLC
- Parent company: Oryx Midstream Services LLC
- Capacity: 65,000 bpd[1]
- Diameter: 16, 20, 24 in
- Length: 400 miles[1]
- Status: Operating[3]
- Financing: US$340 million equity financing in 2017 from Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, Oryx management and other unnamed private investors[4]
- Start year: 2019[1]
Background
Phase I
In 2017, Oryx Midstream Services said it planned to build a 220-mile crude pipeline system in the Permian Basin that will run from New Mexico to Midland. Midland-based Oryx, which primarily is owned by Houston private equity firms, said the 400,000-barrel-a-day network will run through Carlsbad, New Mexico and into West Texas to crude oil delivery points in Crane and Midland.[2]
Phase I of the project has been completed[1], presumably in 2019.[5]
In April of 2019, WPX sold its 25% interest in the Oryx Pipeline System for $350 million in net proceeds.[6]
Phase II
In 2018, Oryx announced it was expanding the scope of the original project to include additional capacity and a larger footprint across the Delaware Basin. This included 400 additional miles of pipeline (16, 20 and 24 inches), with 65,000 bpd capacity.[1] The route is unknown.
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Ongoing Projects, Pipeline News, accessed October 2018
- ↑ 2.0 2.1 2.2 Jordan Blum, Oryx building new 220-mile Permian pipeline, Chron, September 19, 20178
- ↑ 3.0 3.1 What We Do, Oryx Midstream, accessed December 15, 2020
- ↑ 4.0 4.1 Oryx Midstream To Build New Regional Crude Oil Transport Pipeline In The Delaware Basin, Oryx Midstream press release, September 18, 2017
- ↑ 5.0 5.1 "Oryx Midstream completes $135 million purchase of pipelines in Permian Basin". Oklahoma Energy Today. 2019-11-13. Retrieved 2022-04-19.
- ↑ WPX Energy Announces Second Midstream Monetization in 2019, Market Watch, April 2, 2019
