Phillips 66 Planning New Pipelines to the Texas Gulf Coast
Phillips 66 announced it is working on plans for two oil pipeline systems that would stretch from North Dakota and Oklahoma to the Texas Gulf Coast. One line, capable of shipping 350,000 barrels of crude oil a day, would transport oil from the Bakken Shale to Corpus Christi. The other line, the Red Oak capable of shipping 400,000 barrels of crude oil a day, would run from Cushing, Oklahoma to Houston, Beaumont and Corpus Christi. Both pipelines are expected to be operational in late 2020.