With pipelines in short supply to move crude oil out of the Permian Basin, Oryx Midstream Services II, LLC has extended for a second time the joint open season currently being held by its operating subsidiaries.
Oryx Delaware Oil Gathering NM LLC, Oryx Delaware Oil Gathering TX LLC, Oryx Western Delaware Oil Gathering LLC and Oryx Delaware Oil Transport LLC extended their open season from August 9 to August 31 and concluded the season on Friday. But Oryx then announced it would extend the second a second time through Sept. 14.
The Midland, Texas based company extended the season because of what it described as strong interest for the proposed gathering and transportation system.
The Open Season provides potential shippers with the opportunity to make volume commitments or acreage dedications to Oryx Delaware Oil Gathering NM LLC, Oryx Delaware Oil Gathering TX LLC and Oryx Western Delaware Oil Gathering LLC and/or Oryx Delaware Oil Transport LLC by executing gathering and/or transportation services contracts with Oryx.
Midland-based Oryx Midstream II is focused on developing midstream infrastructure in the Permian Basin in New Mexico and Texas. Oryx is supported by a consortium of capital providers including Quantum Energy Partners, Post Oak Energy Capital, Wells Fargo Energy Capital, local Midland investors and others who collectively have contributed significant capital to the venture.