News & Resources

ExxonMobil and Plains All American Pipeline Announce New Pipeline Project

June 13, 2018 Posted in Articles

On Tuesday June 12, ExxonMobil and Plains All American Pipeline announced a new pipeline project that would connect the Permian basin with the Texas Gulf Coast.  The pipeline is intended to alleviate a bottleneck caused by rising production in the Permian Basin and rising oil prices.  No estimated costs or construction schedule were announced.

Link: https://www.dallasnews.com/business/energy/2018/06/12/planned-permian-basin-pipeline-will-carry-1-million-barrels-crude-oil-per-day

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