Phillips 66 Partners (NYSE: PXSP) and Kinder Morgan, Inc. (NYSE: KMI), announced today the start of a joint open season by Gray Oak Pipeline, LLC (Gray Oak) and Kinder Morgan Crude & Condensate LLC (KMCC) to provide shippers with long-term crude oil transportation from Gray Oak Pipeline origin points in the Permian Basin to KMCC delivery points at or near the Houston Ship Channel under a binding joint transportation services agreement.
Delivery from the Gray Oak Pipeline to the Houston Ship Channel would be achieved through a connection in South Texas.
The joint transportation service offering is part of the Gray Oak Pipeline expansion open season that is currently open to interested shippers. Prior to participating in the open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation.
Source: Company Press Release