Enterprise and Energy Transfer Announce Two-Week Extension of Open Commitment Period for Double E Pipeline

abarrelfullabarrelfull wrote on 31 Jul 2011 13:58
Tags: energy-transfer enterprise oil pipeline usa

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Enterprise Products Partners L.P. (NYSE: EPD) and Energy Transfer Partners, L.P. (NYSE: ETP) today announced that the binding open commitment period for capacity on a proposed crude oil pipeline from Cushing, Oklahoma to Houston has been extended until August 12, 2011 at 5 p.m. CDT. The two-week extension requested by interested shippers will provide the additional time needed to finalize the necessary binding capacity agreements.

Subject to the execution of the required Transportation Services Agreements and obtaining the necessary regulatory approvals, the Double E Pipeline is expected to begin service in the fourth quarter of 2012.

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