This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sunoco Logistics Partners L.P. Announces Binding Open Season For The Permian Express 2 Pipeline

Sunoco Logistics Partners L.P. (NYSE: SXL) today announced that Sunoco Pipeline L.P. will commence a binding Open Season for its Permian Express 2 pipeline. The pipeline will provide additional crude oil takeaway capacity for the growing production in the Permian Basin. The pipeline will originate at multiple locations in West Texas: Midland, Garden City and Colorado City. Permian Express 2 will have access to multiple SXL and third-party pipelines to provide producers the ability to reach various markets and refineries on the Gulf Coast and in the MidContinent.

“We are pleased to launch the Open Season for Permian Express 2,” said Michael J. Hennigan, president and chief executive officer. “We remain bullish on the Permian Basin’s growth. Crude oil production in this basin is projected to increase annually by approximately 200,000 barrels per day according to latest industry and consultant estimates. We are proceeding with the Open Season to determine market interest to develop this project to provide critical takeaway capacity to help producers and refiners deliver Permian crude oil to key markets. With the ability to reach multiple destinations, including our Nederland terminal, Permian Express 2 is a very attractive, flexible option for shippers.”

The Partnership will construct approximately 300 to 400 miles of new pipeline pending customer interest for various locations. The Permian Express 2 pipeline is anticipated to have an initial capacity of approximately 200,000 barrels per day and is expected to be operational in the second quarter of 2015.

The Open Season will commence on September 18, 2013. The Notice of Open Season will be available on the Sunoco Logistics website at

More information about the Open Season is available by contacting:

Christopher Martin281-637-6548


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 crude oil & refined product pipeline, terminalling, and acquisition & marketing assets. SXL’s general partner is owned by Energy Transfer Partners, L.P. (NYSE: ETP).

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs