Oryx Pipeline System

From Global Energy Monitor
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The Oryx Pipeline System is an oil pipeline in New Mexico and Texas, USA.[1]

Phase I Project Details

  • Owner: Oryx Midstream
  • Capacity: 400,000 barrels per day[2]
  • Length: 354.1 kilometers / 220 miles[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: Unknown

Phase I Location

The pipeline will run through Carlsbad, New Mexico to Midland, Texas, USA.

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Phase I Background

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 complete.[1]

In April of 2019, WPX sold its 25% interest in the Oryx Pipeline System for $350 million in net proceeds.[5]

Phase II Project Details

  • Owner: Oryx Midstream
  • Capacity: 65,0000 bpd barrels per day[1]
  • Length: 643.7 kilometers / 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]

Phase II Background

In 2018, Oryx announced it was expanded 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 65,0000 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. WPX Energy Announces Second Midstream Monetization in 2019, Market Watch, April 2, 2019

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External resources

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