Seahorse Pipeline
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Seahorse Pipeline is was a proposed oil pipeline running from Oklahoma, USA to Louisiana, USA.[1] As of 2024 it appears to be cancelled.[2]
Location
The pipeline will run from Cushing, Oklahoma, USA to St. James, Louisiana, USA.[3]
Project Details
- Owner: Seahorse Pipeline LLC[4]
- Parent company: Blackstone Group (via Blackstone Infrastructure Partners, via Tallgrass Energy); True Companies (via Bridger Pipeline LLC)[5]
- Capacity: 800,000 barrels per day[5]
- Length: 700 miles[5][6]
- Diameter: 30 inches[5]
- Status: Cancelled[2]
- Originally proposed[5]
- Start year: 2022 (delayed from 2021)
Background
The pipeline is associated with the Plaquemines LNG Terminal project. In 2018 it was in open season.[1]
In November 2018, Tallgrass Energy announced it had signed a binding agreement with an unaffiliated third-party that has the potential to be an anchor shipper and equity partner.[7]
In August 2019, Blackstone Infrastructure Partners offered to buy out the remaining shares of Tallgrass Energy LP following a 40% slump since it took control of the pipeline operator earlier that year. The take-private proposal is valued at about $3 billion, according to data compiled by Bloomberg. Tallgrass Energy's financial problems have led to speculation that the Seahorse Pipeline will be cancelled, but no decision has been publicly announced.[8]
The original start year was 2021, but construction had yet to begin or go into construction as of March 2022.[9] The project has been delayed, with the open season being extended during 2021.[6]
As of early 2024, the project was listed as cancelled according to the EIA.[2]
Articles and resources
References
- ↑ 1.0 1.1 Planned Pipelines, Pipeline News, accessed October 2018
- ↑ 2.0 2.1 2.2 "https://www.eia.gov/petroleum/data.php".
{{cite web}}: External link in|title= - ↑ National Energy and Petrochemical Map , FracTracker, February 28, 2020
- ↑ "FERC Tarrif" (PDF). Tallgrass Energy. Retrieved 2022-03-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ 5.0 5.1 5.2 5.3 5.4 Petroleum & Other Liquids, Movements, Energy Information Administration, June 4, 2020
- ↑ 6.0 6.1 "Tallgrass giving shippers more time for planned crude projects". Retrieved 2022-03-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ Tallgrass Energy Announces Binding Agreement on Seahorse Pipeline, Joint Tariff Open Season and Plaquemines Liquids Terminal Milestone, Market Watch, November 16, 2018
- ↑ Blackstone offers to take pipeline transportation company private after 40% plunge, Crain's New York, August 28, 2019
- ↑ A Wave of Oil Pipeline Projects Is Late to the Permian Boom, Bloomberg News, Jan. 2, 2020
