Breitling Oil and Gas Morning Podcast #161 10-2-12

The oil boom in the Permian Basin here in Texas is spurring new jobs, new opportunities and now new pipelines.  A brand new pipeline will make transportation of crude oil from the Permian Basin to the Gulf Coast more efficient and accessible by mid-2013.  This is far more efficient than the current method of using trucks to transport oil to the Gulf Coast.

Currently each these trucks normally transport about 500 to 600 barrels (one barrel is about 42 gallons) of oil each day. The pipeline will have an initial capacity to transport 150,000 barrels daily, keeping 300 trucks off the roads.

The project will cost about $60 million, and the first phase should be complete by the end of the first quarter of 2013. The second phase should be operational by summer 2013.

The completed pipeline will consist of more than 75 miles of trunk line — or piping for the main supply channel. Construction is expected to begin in October.

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