MIDLAND, Texas—Oryx Delaware Oil Transport LLC (ODOT) announced May 18 the launch of a binding open season to obtain volume commitments to support a proposed expansion of a portion of ODOT’s pipeline system.
Specifically, the company is proposing an expansion of capacity on the ODOT system from ODOT’s Crane Station in Crane, Texas to the destination point at Gray Oak Pipeline LLC’s Crane Station, also in Crane, Texas. The open season began at 8 a.m. CDT May 18 and is scheduled to end at 5 p.m. on June 17.
Open Season Information
The open season process provides potential shippers the opportunity to obtain firm capacity on the expansion by making volume commitments to ODOT during the binding open season timeframe. Shippers that elect to execute a transportation services agreement and make volume commitments on the expansion during the binding open season will receive firm capacity rights up to an amount equal to each shipper’s elected volume commitment.
A copy of the open season notice, which provides a high-level summary of the key terms set forth in the transportation services contracts can be found at Oryx’s website http://www.oryxmidstream.com/customer-center. Copies of the open season procedures and the transportation services contract will be available to interested shippers upon the execution of a confidentiality agreement.
Requests should be directed to Will Abney via phone at (432) 253-0135 or via email at will@oryxmidstream.com. All binding commitments must be received by 5 p.m. CDT on June 17.
Recommended Reading
Dividends Declared in the Week of Aug. 19
2024-08-23 - As second-quarter earnings wrap up, here is a selection of dividends declared in the energy industry.
Gulfport Energy to Offer $500MM Senior Notes Due 2029
2024-09-03 - Gulfport Energy Corp. also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
Pembina Completes Partial Redemption of Series 19 Notes
2024-07-08 - The redemption is part of Pembina Pipeline’s $300 million (US$220.04 million) aggregate principal amount of senior unsecured medium-term series 19 notes due in 2026.
Offshore Guyana: ‘The Place to Spend Money’
2024-07-09 - Exxon Mobil, Hess and CNOOC are prepared to pump as much as $105 billion into the vast potential of the Stabroek Block.
Bechtel Awarded $4.3B Contract for NextDecade’s Rio Grande Train 4
2024-08-06 - NextDecade’s Rio Grande LNG Train 4 agreed to pay Bechtel approximately $4.3 billion for the work under an engineering, procurement and construction contract.