Two Texas energy companies with pipeline operations extending to the Cushing hub in Oklahoma announced Friday plans to post a joint tariff for crude oil transportation service.
Energy Transfer LP and Centurion Pipeline L.P. said the rates will be on service from ET’s terminals in Platteville, Colorado and Cushing to ET’s Nederland, Texas terminal.
The joint tariff service utilizes existing ET and Centurion pipeline assets that will be linked together via new connections in Oklahoma. The joint tariff service is expected to commence service by June 1, 2021.
The joint tariff service may also be expanded to include an origin point of Guernsey, Wyoming. Energy Transfer owns and operates one of the largest and most diversified portfolios of energy assets in the U.S.
Centurion is a crude oil pipeline operator that owns and operates nearly 3,000 miles of pipeline extending from southeast New Mexico across the Permian Basin of West Texas to delivery points at Midland and Crane, Texas as well as Cushing in northern Oklahoma. Centurion is also a wholly owned subsidiary of Lotus Midstream LLC.