Sentinel Midstream Texas and ExxonMobil Pipeline Company have formed a joint venture, Enercoast Midstream, to operate crude oil pipelines and transport infrastructure in Houston, US.
Enercoast will provide the ‘last-mile link’ for crude, including from the Permian and Gulf of Mexico, into the Houston crude oil market. Sentinel will be the operator of the JV, and has contributed cags for a majority equity position. ExxonMobil meanwhile has contributed a 16” pipeline originating at Webster Terminal with delivery points at ExxonMobil’s Baytown Refinery and Seabrook export terminal, and a 20” crude pipeline with access to Moore Road station.
Sentinel says that it will work to commercialise capacity on the Enercoast system and increase its operating footprint by building or acquiring new pipelines. Tariffs are available on the Sentinel website.
‘We are extremely pleased to establish a joint venture with ExxonMobil to maximise the potential of Enercoast,’ says Jeff Ballard, president and CEO of Sentinel. ‘Sentinel looks forward to the opportunity to serve ExxonMobil and other shippers in the Houston market.’