ETP considering new cross-Texas crude pipeline

In a fourth quarter earnings call, Energy Transfer Partners indicated it is currently considering a new crude oil pipeline that would run from the Permian basin to Nederland, Texas, near Beaumont.  The company said it was “aggressively pursuing a larger project.”  Energy Transfer Partners said it brought Phase 1 of its Permian Express 3 pipeline online in the fourth quarter of 2017, with additional volumes expected to come online later this year.

Link: https://www.reuters.com/article/energy-transf-pipeline-oil/etp-eyes-new-crude-pipeline-from-permian-basin-to-nederland-texas-idUSL2N1QC0RC