EnLink has completed the acquisition of the Victoria Express Pipeline and related truck terminal and storage assets (VEX) from Devon Energy. The VEX pipeline is a 56 mi. multi-grade crude oil pipeline with a current capacity of approximately 50,000 b/d and, following completion of currently-underway expansion projects, will have a capacity of approximately 90,000 b/d.
Other VEX assets at the destination of the pipeline include an eight-bay truck unloading terminal, 200,000 barrels of above-ground storage and rights to barge loading docks. Also included in the transaction are facilities near the origin of the pipeline that are currently under construction, including an eight-bay truck unloading terminal and 160,000 bbl of above-ground storage.
Image from EnLink