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HomeOil and GasEnbridge Launches Binding Open Season for 850-Mile Gray Oak Oil Pipeline

Enbridge Launches Binding Open Season for 850-Mile Gray Oak Oil Pipeline

5/9/2024

(P&GJ) — Gray Oak Pipeline LLC, a joint venture among the pipeline system’s owners, has announced a binding open season to solicit shipper interest for an expansion of the Gray Oak Pipeline of up to 120,000 barrels per day (bpd).

The Gray Oak Pipeline is an 850-mile pipeline system extending from the Permian Basin in West Texas to destination points including Corpus Christi, Ingleside, and Sweeny/Freeport.

RELATED: Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline

Enbridge, the pipeline’s operator, will manage the open season. Bona fide potential shippers that desire to receive copies of the open season documents must execute a confidentiality agreement by emailing matt.gagnon@enbridge.com. The open season will begin May 9 at 9 a.m. CST and end June 28 at 5 p.m. CST.

In March, the pipeline operator announced plans to expand capacity on the Gray Oak oil pipeline by 80,000 barrels per day (bpd) this year and possibly add another 40,000 bpd in 2025, an Enbridge executive stated. Enbridge had originally planned to add 200,000 bpd to the Texas pipeline, but in February revised downward that target to between 100,000 bpd and 200,000 bpd.

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