Red Oak Oil Pipeline
From Global Energy Monitor
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Red Oak Oil Pipeline is a proposed oil pipeline in Texas, United States.
Location
The pipeline will originate in Midland and Cushing, Texas to Corpus Christi and Beaumont, Texas.
Project Details
- Owner: Phillips 66, Plains All America Pipeline
- Proposed capacity: 400,000 barrels per day
- Length: 650 miles, 1046 km
- Cost: US$2.5 billion[1]
- Status: Shelved[2]
- Start Year: 2022
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.[3]
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.[2]
Articles and resources
References
- ↑ Prasun Chaudhury, Assessing COVID-19 impacts on midstream investment, Chemical Week, May 13, 2020
- ↑ 2.0 2.1 Phillips 66: Red Oak, Liberty, ACE Pipelines Deferred by Cost Cuts, PGJ Online, Mar. 25, 2020
- ↑ Phillips 66, Plains Sanction $2.5 Billion Red Oak Pipeline System, Pipeline & Gas Journal, Jun. 10, 2019
