Oryx Pipeline System

From Global Energy Monitor
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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.

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  • 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. 1.0 1.1 1.2 1.3 1.4 1.5 Ongoing Projects, Pipeline News, accessed October 2018
  2. 2.0 2.1 2.2 Jordan Blum, Oryx building new 220-mile Permian pipeline, Chron, September 19, 20178
  3. 3.0 3.1 What We Do, Oryx Midstream, accessed December 15, 2020
  4. 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. 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.
  6. WPX Energy Announces Second Midstream Monetization in 2019, Market Watch, April 2, 2019

Related GEM.wiki articles

External resources

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