HOUSTON—Centurion Pipeline LP on Jan. 21 announced the successful completion of its binding open season for the Augustus Pipeline.
The Augustus Pipeline will connect Centurion’s existing Midland Terminal to multiple long-haul pipelines originating at Crane, Texas. The project will include a combination of new and existing pipeline assets and have an initial throughput capacity of 150,000 barrels per day (bbl/d) with future expansion capability available. The pipeline is expected to come into service during fourth-quarter 2020.
Centurion is a wholly owned subsidiary of Lotus Midstream LLC.
“We are pleased to be able to offer shippers a service that will provide connectivity between the Midland and Crane crude oil markets and provide shippers with access to multiple long-haul pipelines originating at Crane for delivery to the Corpus Christi and Houston markets,” said Lotus Midstream President and CEO Mike Prince. “Centurion Pipeline’s assets are strategically positioned throughout the Permian Basin, and the Augustus Pipeline will provide shippers access to the growing crude oil market at Crane.”
Recommended Reading
Excelerate Energy, Qatar Sign 15-year LNG Agreement
2024-01-29 - Excelerate agreed to purchase up to 1 million tonnes per anumm of LNG in Bangladesh from QatarEnergy.
UK’s Union Jack Oil to Expand into the Permian
2024-01-29 - In addition to its three mineral royalty acquisitions in the Permian, Union Jack Oil is also looking to expand into Oklahoma via joint ventures with Reach Oil & Gas Inc.
Permian Resources Continues Buying Spree in New Mexico
2024-01-30 - Permian Resources acquired two properties in New Mexico for approximately $175 million.
Eni, Vår Energi Wrap Up Acquisition of Neptune Energy Assets
2024-01-31 - Neptune retains its German operations, Vår takes over the Norwegian portfolio and Eni scoops up the rest of the assets under the $4.9 billion deal.
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.