Phillips 66 and Bridger Pipeline have formed a joint venture to build a $1.6 billion pipeline serving the Rockies and Bakken regions.
The 24-inch Liberty Pipeline will provide crude oil transportation service from the Rockies and Bakken production areas to Cushing, Oklahoma.
From Cushing, shippers can access multiple Gulf Coast destinations, including Corpus Christi, Ingleside, and Houston, Texas.
Liberty is underpinned with long-term shipper volume commitments. Initial service on the pipeline is targeted to start as early as the first quarter of 2021.
Greg Garlands, chairman and CEO of Phillips 66, says: 'The Liberty Pipeline presents us with a great opportunity to serve producers in the growing Bakken and Rockies production areas. The pipeline adds to our integrated infrastructure network that serves the key shale oil producing regions with connectivity to major Gulf Coast market centers. Our pipeline network has strategic alignment with our Central Corridor and Gulf Coast refineries, further enhancing value across our assets.'
President of Bridger Pipeline Hank True adds: 'The Liberty Pipeline is an important undertaking on the part of our company to ensure that oil from Wyoming, the Rockies and the Bakken can get to markets in the US and around the world.'
Phillips 66 will lead project construction for the joint venture and will operate the pipeline. The project is expected to cost $1.6 billion.
A new deepwater midstream frontierRegulatory update for US tank terminal operators Capturing hidden storage opportunities Make room for the boom From short to long - the US oil revolution Optimising the US Gulf Coast energy potential Storage stability amid a mixed production picture in the Americas Storage for Europe's energy transition Storage for a growing product market Should the industry rethink storage tank fire protection