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Start date for new Permian oil line in jeopardy on regulatory delay

From reuters.com

EPIC Crude Pipeline LP said the projected third-quarter start-up of its crude pipeline from the Permian basin to Corpus Christi, Texas is in “some jeopardy” after U.S. regulators delayed action on its petition to set initial tariff rates. The San Antonio, Texas, based company said in a letter to U.S. Federal Energy Regulatory Commission dated Jan. 8 that the requested Jan. 4 action date for FERC to pass a declaratory order that would allow EPIC to set rates has “now come and gone,” causing concern to shippers. The planned 900,000 barrels-per-day (bpd) pipeline, stretching from Southeast New Mexico and West Texas to ... (full story)

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  • Category: Fundamental Analysis