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Andeavor to move ahead on $225M west Texas crude gathering system

Published 08/11/2017, 04:05 PM
© Reuters.  Andeavor to move ahead on $225M west Texas crude gathering system
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  • Andeavor (NYSE:ANDV) says it has received commitments from third-party shippers to proceed with construction of the $225M Conan crude oil gathering pipeline system in west Texas' Delaware Basin.
  • ANDV (formerly Tesoro ) says the first phase of the Conan pipeline system will provide capacity of 250K bbl/day, and future phases may expand capacity up to 500K bbl/day.
  • Western Refining launched an open season for the Conan system in May; ANDV announced it was buying Western in November for $4.1B and completed the deal on June 1.
  • Now read: Trecora Resources (TREC) Presents At Jefferies 13th Annual Industrials Conference - Slideshow


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