HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners (NYSE: PSXP) announces that its subsidiary Gray Oak Pipeline, LLC (“Gray Oak”) is launching an open season to solicit shipper commitments for services from West Texas on the Gray Oak Pipeline. The open season will provide an opportunity for interested shippers to secure long-term crude oil transportation with Gray Oak under binding transportation services agreements.
There will be new takeaway capacity from West Texas, and a new destination in Victoria County, Texas. This is expected to be placed in service in the first half of 2022.
The open season will commence at 9 a.m. CDT on Sept. 1, 2020. Prior to participating in the open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. For a form of confidentiality agreement and additional information regarding the expansion of the Gray Oak Pipeline, please contact GrayOak@P66.com.
About Phillips 66 Partners
Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. For more information, visit www.phillips66partners.com.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
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