Phillips 66 Partners LP proposed cutting tariff rates to $3.90 a barrel to ship crude on its new 900,000-barrel-per-day (bbl/d) Gray Oak crude pipeline within points in Texas, according to filings on Nov. 20.
The company proposed both spot rates and committed rates of $3.90 a barrel to transport crude within Texas, down from the $4.75 rate it had set last month.
The rates, set to come into effect by Dec. 1, would apply only to accelerated commissioning service and are pending approval with Texas state regulators. Phillips 66 did not immediately respond to a request for comment.
The filings included a new origin point at Santa Rita, Texas, in Reagan County. It was not immediately clear what rates were for transport to delivery points in the Houston and Corpus Christi, Texas, areas.
The Gray Oak pipeline is the biggest of about three new pipelines connecting the Permian Basin, the nation's largest oil field, to the U.S. Gulf Coast.
Recommended Reading
Sinopec Brings West Sichuan Gas Field Onstream
2024-03-14 - The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
CNOOC Finds Light Crude at Kaiping South Field
2024-03-07 - The deepwater Kaiping South Field in the South China Sea holds at least 100 MMtons of oil equivalent.
Sangomar FPSO Arrives Offshore Senegal
2024-02-13 - Woodside’s Sangomar Field on track to start production in mid-2024.
Equinor Receives Significant Discovery License from C-NLOPB
2024-02-02 - C-NLOPB estimates recoverable reserves from Equinor’s Cambriol discovery at 340 MMbbl.