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4-Traders Homepage  >  Equities  >  Nyse  >  Sunoco Logistics Partners L.P.    SXL

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Sunoco Logistics Partners L.P. : Announces Binding Open Season for Project West Texas -- Nederland Access

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04/11/2012 | 02:15pm CEST

Sunoco Logistics Partners L.P. (NYSE: SXL) today announced that Sunoco Pipeline L.P., West Texas Gulf Pipe Line Company and Mobil Pipe Line Company will commence a binding Open Season for project West Texas - Nederland Access. The project is being developed to deliver crude oil from West Texas to SXL's Nederland Terminal at Nederland, Texas.

The project is anticipated to have initial capacity to transport approximately 40,000 barrels per day to Nederland. The West Texas - Nederland Access project is scheduled to be operational in first quarter 2013.

The project will provide West Texas producers and Gulf Coast refiners with a crude oil supply solution for West Texas Sour crude.

The Open Season will commence on April 11, 2012 and will end on May 11, 2012. Subject to the terms of the Open Season, priority service will be available to shippers making long-term volume commitments during the Open Season. The Notice of Open Season will be available on the Sunoco Logistics website at www.sunocologistics.com/WTNA.

More information about the Open Season is available by contacting:

Chuck Maser


Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary pipeline, terminalling and crude oil acquisition and marketing assets. The Refined Products Pipelines segment consists of approximately 2,500 miles of refined products pipelines located in the northeast, midwest and southwest United States, and equity interests in four refined products pipelines. The Crude Oil Pipelines segment consists of approximately 5,400 miles of crude oil pipelines, located principally in Oklahoma and Texas. The Terminal Facilities segment consists of approximately 42 million shell barrels of refined products and crude oil terminal capacity (including approximately 22 million shell barrels of capacity at the Nederland Terminal on the Gulf Coast of Texas and approximately 5 million shell barrels of capacity at the Eagle Point terminal on the banks of the Delaware River in New Jersey). The Crude Oil Acquisition and Marketing segment consists of acquisition and marketing of crude oil and is principally conducted in the midcontinent and consists of approximately 170 crude oil transport trucks and approximately 110 crude oil truck unloading facilities.

Sunoco Logistics Partners L.P.
Thomas Golembeski (media) 215-977-6298
Peter Gvazdauskas (investors) 215-977-6322

© Business Wire 2012
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