Enterprise Products Partners LP?s Phase I Eagle Ford crude oil system has begun accepting deliveries.
Enterprise Products Partners LP?s? (NYSE: EPD) Phase I Eagle Ford crude oil system has begun accepting deliveries.
The Houston-based company?s 24-inch diameter crude oil pipeline originates in Wilson County and extends 147 miles to Sealy. It has a capacity of 350,000 barrels per day, the company said in a June 7 statement.
The first deliveries of Eagle Ford Shale crude oil into the Houston area are expected to coincide with the scheduled initial operation in July of Enterprise?s ECHO crude oil storage facility currently under construction in southeast Houston. ECHO eventually will provide access to about 4 million barrels per day of refining capacity.
?Supported by long-term volume commitments from shippers, this extension of our integrated midstream network improves the ability of refineries to access reliable and secure supplies of domestic crude oil while facilitating continued development of the Eagle Ford Shale,? A.J. ?Jim? Teague, executive vice president and COO of Enterprise?s general partner, said in the statement.
Olivia Pulsinelli is the web producer for the Houston Business Journal's award-winning website.
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