Phillips 66 has announced an open season beginning Mar. 24 to secure binding commitments from prospective shippers for the Reeves-Odessa Origination (Rodeo) project in West Texas.
The project will include a pipeline system for crude oil transportation for producers and other shippers in the Delaware basin, with origination stations in Reeves, Loving, and Winkler counties in Texas, as well as at Odessa, Tex.
The pipeline system will include destination options at Wink, Tex.; the Phillips 66 Partner’s Odessa station; a new terminal to be built near Odessa as part of the Rodeo Project; and at Midland, Tex.
The Rodeo project will have an anticipated initial throughput capacity of up to 130,000 b/d, with an ultimate potential throughput capacity of up to 450,000 b/d, depending on shipper commitments in the open season.
The pipeline system is expected to be placed in service in second-half 2018. The open season terms and conditions include options for shippers to obtain committed shipper status through either an acreage dedication or a transportation and deficiency commitment.