Oryx Midstream Services II will extend the joint open season for its proposed crude oil gathering and trunk line transportation system that will cater to the Delaware Basin in Texas and New Mexico.
The joint binding open season (Open Season) launched July 10, 2018 and was initially scheduled to conclude on August 9, 2018.
On August 9, 2018, Oryx announced that it was extending its Open Season to August 31, 2018.
Given the strong interest that Oryx has received for the proposed gathering and transportation system, Oryx has elected to further extend the Open Season through 5 p.m. CDT on September 14, 2018.
The Open Season provides potential shippers with the opportunity to make volume commitments or acreage dedications to Oryx Delaware Oil Gathering NM LLC, Oryx Delaware Oil Gathering TX LLC and Oryx Western Delaware Oil Gathering LLC and/or Oryx Delaware Oil Transport LLC by executing gathering and/or transportation services contracts with Oryx. Shippers that elect to make commitments to Oryx Delaware Oil Gathering NM LLC, Oryx Delaware Oil Gathering TX LLC and or Oryx Western Delaware Oil Gathering LLC during the Open Season for movements on any of the gathering systems will receive firm gathering service for their committed volumes.
Shippers that elect to make commitments to Oryx Delaware Oil Transport LLC during the Open Season for movements on the trunk line will receive firm transportation for their committed volumes.
Shippers that receive firm service for gathering and/or transportation will be required to pay a premium rate compared to the rate offered to similarly-situated walk-up shippers.
Source: Company Press Release