Announced
Completed
Financials
Tags
Joint Venture
Single Bidder
Friendly
Private
crude oil pipeline
Majority
United States
Pipelines
Completed
Private Equity
Synopsis
ExxonMobil, Plains All American, EnCap Flatrock Midstream and Lotus Midstream formed a joint venture, Wink to Webster Pipeline. The Wink to Webster Pipeline will provide safe, reliable and cost-effective transport for ExxonMobil and other Permian producers to market destinations in Texas. Financial terms were not disclosed. Plains will lead project construction on behalf of the JV and has already initiated pre-construction activities. The JV anticipates the project will generate more than 3.1k construction jobs. Priority will be placed on utilizing existing pipeline corridors and advanced construction techniques to help limit community and environmental impacts.
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