Enbridge Works to Sell New Oil Pipe Space to Texas Export Hub [Financial Post (Toronto, Ontario, Canada)]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Enbridge Inc. is offering up new space on a crude pipeline running to the Texas oil port of Corpus Christi, a top exporting hub that's currently suffering from constrained pipeline capacity. The Canadian company is asking shippers to commit to an expansion that would add as much as 120,000 barrels a day of capacity on the 900,000-barrel-a-day Gray Oak pipeline. The conduit transports crude from West Texas to the Corpus Christi and Freeport areas in Texas. Article content Article content An expansion of Gray Oak would help alleviate the backlog at Corpus Christi, where feeder pipelines — which also include EPIC and Plains All American's Cactus — are operating at full capacity. The situation has forced exporters to turn to other Texas ports around Houston, Beaumont, Port Arthur and Nederland. Corpus Christi is where the majority of the most econ
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ENB
Earnings
- 5/10/24 - Beat
ENB
Sec Filings
- 5/15/24 - Form 8-K
- 5/15/24 - Form 424B5
- 5/10/24 - Form 10-Q
- ENB's page on the SEC website