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MI - Oryx seeks commitments to expand to Gray Oak & PAA station - April 2019
Permian Basin-focused Oryx Midstream launched a binding open season to secure volume commitments for proposed expansions that would offer its underconstruction Oryx II crude system more outlets to the Texas Gulf Coast. Infrastructurefocused private equity firm Stonepeak Infrastructure Partners agreed in early April to acquire Oryx for $3.6 billion in cash. One expansion is a connection from Oryx’s terminal near Crane, Texas, to the Crane station of the proposed 900,000 bo/d Gray Oak pipeline, a Phillips 66 Partners-led project scheduled......
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