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Marathon, Exxon & PAA eye combo of Permian pipelines
Marathon Petroleum has reached out to ExxonMobil and Plains All American Pipeline about combining their crude pipeline projects from the Permian to the Texas Gulf Coast. The discussions are preliminary, and in the meantime Marathon MLP MPLX is pressing ahead with its Permian Gulf Coast pipeline. ExxonMobil and PAA signed a letter of intent in June to jointly construct a pipeline to transport more than 1.0 MMbbl/d of crude and condensate from Wink and Midland, Texas, to delivery points in Webster, Baytown and Beaumont and brought upstart Lotus Midstream......
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