Plains All American Pipeline has announced that it is conducting an open season for committed capacity on a proposed new crude oil pipeline from Cushing, Oklahoma to Longview, Texas. The open season process provides an opportunity for potential shippers to offer long-term volume commitments for service from Cushing to Longview in exchange for a discounted rate.
The proposed pipeline would originate at the Plains Cushing, Oklahoma Terminal and provide an initial capacity of approximately 120,000 b/d of light sweet crude to Longview, Texas.
The open season begins on 23 June 2015 and will end at 5 p.m. (central time) on 23 July 2015. By submitting a binding proposal, bidders are offering to enter into a long-term throughput and deficiency agreement for pipeline capacity.