Sunoco Logistics Partners LP (NYSE: SXL) has announced that Sunoco Pipeline LP will commence a binding open season for its Delaware Basin extension project. The project is being developed to deliver crude oil from the Delaware Basin area in New Mexico and West Texas to Midland, Texas and will provide Delaware Basin producers new take away capacity from the rapidly growing area.
The project will consist of approximately 125 miles of new build pipeline that is anticipated to have initial capacity to transport approximately 100,000 barrels per day. The Delaware Basin extension project is scheduled to be operational in the first half of 2016.
The open season will commence on October 15, 2014. Subject to the terms of the open season, incentive rates will be available to shippers making long-term volume commitments during the open season.
Sunoco Logistics Partners is based in Philadelphia.
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