UPDATE 1-ETP eyes new crude pipeline from Permian basin to Nederland, Texas [Reuters]
ENERGY TRANSFER PARTNERS LP (ETP)
Last energy transfer partners lp earnings: 8/8 04:30 pm
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Source: Reuters
UPDATE 1-ETP eyes new crude pipeline from Permian basin to Nederland, Texas | Reuters Reuters Staff 3 Min Read (Adds details on Bayou Bridge, Rover, background on Permian basin, delays) NEW YORK, Feb 22 (Reuters) - Energy Transfer Partners LP is considering constructing a new crude oil pipeline from the Permian basin in Texas to Nederland, Texas, a company executive said on a fourth-quarter earnings call on Thursday. The company said it was “aggressively pursuing a larger project” without giving specific details. “We’re listening to our customers and we’re going to build whatever capacity is warranted after those discussions,” Thomas Long, chief financial officer said. Shale producers have flocked to the Permian because of its prolific resources and relatively cheap production costs, boosting demand for takeaway capacity. Production in the Permian is expected to rise by 75,000 barrels per day to 3 million bpd in March. Energy Transfer Partners also said it brought Phase 1 of its 100,0
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