Bridger Pipeline LLC, together with its affiliates, Liberty Pipeline LLC, and Red Oak Pipeline LLC announced today that they have launched a supplemental open season seeking additional crude oil transportation commitments for joint service from production areas in the Rockies and Bakken to Cushing, Oklahoma and Gulf Coast destinations including Corpus Christi, Ingleside, and Houston, Texas. The Red Oak Pipeline will be approximately 650 miles long. Plains owns approximately 37 million barrels of terminal and storage capacity, as well as 15,000 miles of crude oil pipelines. Prior to participating in the supplemental open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation.
HOUSTON--(BUSINESS WIRE)--
With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. They’re all working to get temporary access agreements so that they can conduct surveys, including archeological surveys and … The Red Oak Pipeline will span 650 miles and will move approximately 400,000 barrels of oil per day. Use it to learn and exert your rights! The Red Oak Pipeline is needed to address a large discrepancy between oil production and pipeline capacity. The extension has connections to Cushing, Oklahoma. The parties have created a special limited liability company (LLC) called Red Oak Pipeline, LLC for purposes of the venture. However, due to the massive scope of the Red Oak Pipeline project, combined with the Liberty Pipeline project, the projects will undoubtedly impact Texas landowners by way of potential condemnation proceedings. The pipeline is anticipated to be placed in service in the fourth quarter of 2020. © 2011-2019 All Rights Reserved. If you are a landowner in Texas that has been contacted by an agent in connection with the Red Oak Pipeline project, it is important that you consult with an experienced Texas eminent domain lawyer as soon as possible and avoid signing any documents that are provided to you by agents for the oil companies without proper representation. All Trademarks and Copyrights are owned by their respective companies and/or entities.
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These addresses are known to be associated with Red Oak Pipeline LLC however they may be inactive or mailing addresses only. Our firm has successfully represented many landowners facing Texas condemnation actions for oil and gas pipeline projects.
Landowners and property owners in Texas have important rights and protections when faced with condemnation actions. The company is publicly traded on the New York Stock Exchange. A corporate filing is called a foreign filing when an existing corporate entity files in a state other than the state they originally filed in. Red Oak Pipeline LLC is a 50/50 joint venture of Phillips 66 and Plains All American Pipeline (Plains) (NYSE: PAA).
This is a very aggressive construction schedule, and it is not clear if the pipeline will be completed by then. Supply at storage facilities in Cushing have decreased significantly due to a lack of pipeline capacity. PAA owns an extensive network of pipeline transportation, terminalling, storage, and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada.
This does not necessarily mean that they are from outside the United States. Bridger Pipeline, Liberty Pipeline and Red Oak Pipeline Announce Supplemental Open Season, https://www.businesswire.com/news/home/20190703005571/en/, California Transparency in Supply Chains Disclosure.
A 20” pipeline segment will span from Houston to Beaumont. Prior to participating in the supplemental open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. When completed, the Red Oak Pipeline will go a long way towards moving the increased supply. Texas condemnation law allows oil companies and governmental entities to seize and acquire land for “public use” in order to clear a path for pipelines. An experienced eminent domain lawyer will assist you in determining whether said agents and/or representatives are operating in good faith, as these entities seeking to condemn your land must follow important procedures outlined by the Texas Property Code and applicable case law. Foreign Limited Liability Company (LLC). You can sign up for additional subscriptions at any time. The Red Oak Pipeline project is a 50/50 joint venture between Plains All American Pipeline LP and Phillips 66. However, if history is any indicator, the Sunrise Pipeline system opened ahead of schedule. 855-841-2368
Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio.
832-765-2297 Bridger Pipeline LLC, Belle Fourche Pipeline Company, and Butte Pipe Line Company are part of True companies and are based in Casper, WY. Contact a Houston eminent domain lawyer to discuss your options. You must click the link in the email to activate your subscription. About Bridger Pipeline LLC and its affiliated pipeline companies. A new 30” pipeline will run from Cushing to Wichita Falls and Sealy, Texas. Plains All American Pipeline is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, NGLs and natural gas. [email protected], Source: Phillips 66 and Plains All American Pipeline. [email protected], Brent Shaw (investors)
For more information visit www.truecos.com.
California Transparency in Supply Chains Disclosure. For more information, visit http://www.phillips66.com or follow us on Twitter @Phillips66Co. The Sunrise extension can move about 500,000 barrels of crude oil per day from Midland to Colorado City and Wichita Falls, Texas. The company's filing status is listed as Active and its File Number is 201105410121. Belle Fourche Pipeline Company gathers and transports crude oil in the Williston Basin of western North Dakota and the Powder River Basin of Wyoming, and Butte Pipe Line Company owns the transmission line from Baker, Montana to Guernsey, Wyoming. This press release features multimedia.
No warranties, expressed or implied, are provided for the business data on this site, its use, or its interpretation.
The Red Oak project has not been canceled but has been deferred due to low commodity prices and economic uncertainty, Red Oak Pipeline, the JV, said in a statement. Phillips 66 had $58 billion of assets as of March 31, 2019. If you receive a notice or a visit from an agent for an oil or gas company, do not panic and do not sign any proposed agreements without proper representation. The projects are part of a widespread effort to increase pipeline capacity.
More information is available at www.plainsallamerican.com. Cushing is also the delivery point for U.S. crude futures contracts.
The project is estimated to cost a total of $2.5 billion. The Texas Landowner Bill of Rights, as well as the U.S. and Texas Constitutions, forbid the seizure of your property without first providing just and adequate compensation. 2019
That being said, the Red Oak Pipeline project creates the very real possibility that many Texas landowners will soon face condemnation proceedings.
For a form of confidentiality agreement and additional information regarding the joint transportation service, please contact [email protected].
© Phillips 66 Company.
To receive notifications via email, enter your email address and select at least one subscription below. 832-765-2297 The parties have stated that they intend to make use of existing pipelines and utility corridors where possible in order to minimize environmental and community impact. The companies and people profiled on Corporation Wiki are displayed for research purposes only and do not imply an endorsement from or for the profiled companies and people.
The Plains Sunrise Pipeline oil system was put into operation in the fourth quarter of 2018. Red Oak Pipeline LLC filed as a Foreign Limited Liability Company (LLC) in the State of Texas on Tuesday, August 20, 2019 and is approximately one year old, as recorded in documents filed with Texas Secretary of State.
Producers in the Permian basin and Western Canada have faced challenges as oil production has exceeded capacity. Plains All American and Phillips 66 expect that the pipeline will be operational sometime in the first quarter of 2021. [email protected], Bill Salvin (media) Whatever deadlines may be initially imposed upon you, understand that you have time.
These projects, while great for oil and gas companies, often negatively impact both the environment and local communities. View source version on businesswire.com: The Red Oak Pipeline is the product of a joint venture between Plains All American Pipeline and Phillips 66 that will enable producers based out of Cushing, Oklahoma and the Permian Basin to transport oil to Houston and locations throughout the Gulf Coast. The Red Oak Pipeline project was officially announced in the middle of 2019. The Red Oak Pipeline is expected to have an initial throughput capacity of 400,000 BPD with the ability to expand further depending on shipper interest in the open season. Headquartered in Houston, the company has 14,300 employees committed to safety and operating excellence. Red Oak Creation LLC is a California Domestic Limited-Liability Company filed on February 8, 2011.
https://www.businesswire.com/news/home/20190703005571/en/, Jeff Dietert (investors) Unfortunately, governmental entities and large oil companies often seek to look after themselves first, and pay you as little as possible for your land and other damages. For any questions regarding Texas condemnation practices, the Red Oak Pipeline Project, or your options regarding the same, please do not hesitate to contact our office.
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