Exxon to lease 2 SPR pipelines

02/08/1999
The U.S. Department of Energy has signed a contract leasing two pipelines from its Bryan Mound, Tex., Strategic Petroleum Reserve site to Exxon Pipeline Co. A 40-in., 46-mile line extends to the ARCO Pipeline Co. tank farm at Texas City, and a 30-in., 4-mile pipeline extends to the nearby Jones Creek tank farm. DOE said the deal could bring in $25 million to the U.S. Treasury over 15 years. The contract has a provision for allowing the lease fees to be paid in crude that would be added to the SPR's 561 million bbl inventory. And because Exxon will assume operation of the lines, DOE will save more than $300,000/year in pipeline maintenance fees. The pipelines will give...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected