Red Oak Oil Pipeline
From Global Energy Monitor
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Red Oak Oil Pipeline was a proposed oil pipeline in Texas, United States. As of July 2021, the project is considered cancelled.[1]
Location
The pipeline will originate in Midland and Cushing, Texas to Corpus Christi and Beaumont, Texas.
Project details
- Operator:
- Owner: Phillips 66; Plains All American Pipeline[2]
- Parent company: Phillips 66; Plains GP Holdings LP
- Capacity: 400,000 barrels per day[2]
- Length: 650 mi[2]
- Cost: US$2.5 billion[3]
- Status: Cancelled[1]
- Start year: 2022[2]
Background
In June 2019 Phillips 66 and Plains All America Pipeline announced the pipeline as a new joint venture to transport crude oil from the Permian Basin and Cushing, Okla., to Houston and multiple locations along the Texas Gulf Coast.[2]
On March 24, 2020 Philipps 66 announced that it was delaying development of the pipeline due to the collapse of global oil prices and disruptions caused by the Covid-19 pandemic.[4] But by July 2021, the Energy Information Administration (EIA) reported the project as cancelled.[1]
Articles and resources
References
- ↑ 1.0 1.1 1.2 Petroleum & Other Liquids, Movements, Energy Information Administration, accessed July 12, 2021
- ↑ 2.0 2.1 2.2 2.3 2.4 Phillips 66, Plains Sanction $2.5 Billion Red Oak Pipeline System, Pipeline & Gas Journal, Jun. 10, 2019
- ↑ Prasun Chaudhury, Assessing COVID-19 impacts on midstream investment, Chemical Week, May 13, 2020
- ↑ Phillips 66: Red Oak, Liberty, ACE Pipelines Deferred by Cost Cuts, PGJ Online, Mar. 25, 2020
