Energy pipelines and terminals operator,
Sunoco Logistics Partners LP
) is on schedule to begin operations of the Permian Express
pipeline project, with Phase I of the development expected to
start in the second quarter of this year.
The pipeline - targeted to increase the flow of crude oil from
west Texas to the Gulf Coast markets - is divided into two
phases. Phase I will have an initial capacity of 90,000 barrels
per day (bpd) of crude transporting from Wichita Falls, Texas to
the Nederland/Beaumont, Texas markets. The 150,000 bpd full
capacity of the pipeline is expected to be reached by the end of
this year or early next year.
Phase II of Permian Express will have an initial daily takeaway
capacity of approximately 200,000 bpd. This phase will witness
the delivery of crude oil to the extended eastern refining center
St. James, Louisiana via a network of new and existing pipelines.
Details regarding the operations of the same will be given with
the release of the ongoing quarter's results.
The Permian Express project will render West Texas producers and
Gulf Coast refiners a cost effective and flexible operational
Philadelphia-based Sunoco Logistics, a master limited partnership
(MLP), acquires, owns, and operates a geographically diverse
portfolio of refined product and crude oil pipelines and terminal
Sunoco Logistics currently retains a Zacks Rank #3 (Hold),
implying that it is expected to perform in line with the broader
U.S. equity market over the next 1 to 3 months.
But there are certain other energy firms like
) that are expected to significantly outperform the equity market
in the next 1 to 3 months. All the 3 stocks currently hold a
Zacks Rank #1 (Strong Buy).
ENERPLUS CORP (ERF): Free Stock Analysis
INTEROIL CORP (IOC): Free Stock Analysis
SUNOCO LOGISTIC (SXL): Free Stock Analysis
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