On April 12, Rangeland Energy began an open season for the 109-mile, 12-inch RIO Pipeline that is currently under construction. When it becomes operational--scheduled in July--it will transport more than 125,000 barrels per day of crude oil and condensate from the Delaware Basin to terminals in the Midland, Texas, market center and to takeaway pipelines headed to Cushing, Okla., the Gulf Coast and elsewhere.
The pipeline originates at Rangeland’s State Line terminal in Loving County, Texas, where Rangeland has constructed truck unloading and crude storage facilities. Unloading facilities and tanks also have been constructed at the destination terminal in Midland, where additional space is available to build customer-leased crude storage.
A long-term connection agreement has been executed with Plains Pipeline LP for delivery to the Plains Midland South terminal, giving shippers access to multiple terminals at Midland and outbound pipelines.
The open season will end on May 20.
Rangeland Energy is based in Sugar Land, Texas.
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