23 Oct red oak pipeline news
The project has not been cancelled, but work had been put on hold until further notice. Summary of the Red Oak Pipeline Route Changes Video – Hi, I’m Philip Hundl, I’m an attorney and I focus my practice on representing landowners facing condemnation cases or eminent domain proceedings.. The project has not been cancelled, but certain work has been paused. Red Oak Pipeline A safe, efficient and cost-effective option for transporting our region’s resources.
The Red Oak Pipeline is the product of a joint venture between Plains All American Pipeline and Phillips 66 that will enable producers based out of Cushing, Oklahoma and the Permian Basin to transport oil to Houston and locations throughout the Gulf Coast. According to Energy Web Atlas , Red Oak Pipeline was designed as a 650-mile project with a capacity of 400,000 bpd. The Red Oak project is being deferred due to the current business environment, brought on by concerns over the Coronavirus or COVID-19 pandemic. The 650 mile pipeline is designed to move crude oil from the Permian Basin of West Texas and New Mexico and Cushing, Oklahoma, a major oil hub, to Houston and the Texas Gulf Coast. Red Oak Pipeline, a 50/50 joint venture of Phillips 66 and Plains All American Pipeline, would be a system comprised of multiple pipeline projects to transport crude oil from Cushing, Oklahoma, and the Permian Basin in West Texas to the Texas Gulf Coast. Update on the Red Oak Pipeline: The Red Oak project is being deferred due to the current business environment. If you have questions or would like an appointment, please call or text Attorney Philip Hundl at 800-929-1725. The Red Oak project has not been canceled but has been deferred due to low commodity prices and economic uncertainty, Red Oak Pipeline, the JV, said in a statement. deferred its Red Oak and Liberty crude pipelines projects while holding off on its final investment decision for its ACE pipeline. Get the facts. These are cases in which a public or private entity is seeking to take a portion of your property through a condemnation process. We’ve received word that the Red Oak and Wink to Webster Pipeline projects have been canceled — at least for 2020.
The Red Oak Pipeline will connect with the Sunrise Pipeline, a Plains-owned pipeline to move more than 300,000 barrels of crude oil from Midland to Wichita Falls per day. Red Oak is one of two new joint-venture pipeline projects sanctioned this week by Phillips 66 with an estimated combined cost of $4.1 billion.
Published on September 9, 2020, 8:08 AM EDT
We will provide an update as we know more.
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