Sentinel Midstream Forms JV with Exxon Mobil Serving Houston Oil Market

Sentinel Midstream established a JV with Exxon Mobil that will provide “the critical last-mile link for Permian, Gulf of Mexico and other barrels in the Houston crude oil market,” the company said.

Hart Energy Staff

Sentinel Midstream Texas LLC formed a joint venture with ExxonMobil Pipeline Co. on Oct. 4 to provide “the critical last-mile link for Permian, Gulf of Mexico and other barrels in the Houston crude oil market.”

The JV, Enercoast Midstream LLC, will consist of two existing crude oil pipelines contributed by Exxon Mobil. According to the company release, Sentinel contributed cash for a majority equity position in the pipeline assets and will serve as operator of the Enercoast JV.

“We are extremely pleased to establish a joint venture with Exxon Mobil to maximize the potential of Enercoast,” Jeff Ballard, president and CEO of Sentinel, commented in the company release.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access