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MI - Enterprise trades its third crude pipe for interest in PAA’s W2W - February 2020
Enterprise Products Partners will own a 29% undivided joint interest in the 1.5 MMbo/d Wink to Webster pipeline, a Permian crude long-haul being built by a JV that includes Plains All American Pipeline and ExxonMobil. As part of the agreement, the Midland-to-ECHO 3 project, Enterprise’s planned pipeline to its Enterprise Crude Houston (ECHO) terminal, will be folded into the system. The combination cuts takeaway planned for 2020 by 450,000 bo/d as some worry about......
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