Sunoco Logistics Partners L.P. Announces Binding Open Season for Eaglebine Express Pipeline

Before you go, we thought you'd like these...
Before you go close icon

Sunoco Logistics Partners L.P. Announces Binding Open Season for Eaglebine Express Pipeline

PHILADELPHIA--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYS: SXL) today announced that Sunoco Pipeline L.P. will commence a binding Open Season for the Eaglebine Express pipeline. The pipeline will provide takeaway capacity for the growing production of the Eaglebine and Woodbine crude areas to Nederland, Texas, including Sunoco Logistics's Nederland Terminal.

Sunoco Logistics will convert a portion of its existing refined products MagTex pipeline into crude service and reverse the flow of the pipeline from Hearne, Texas to the Nederland, Texas area as part of the Eaglebine Express pipeline.


The Eaglebine Express pipeline is anticipated to have initial capacity to transport approximately 60,000 barrels per day to Nederland, Texas. The pipeline is expected to be operational in the middle of 2014.

The Open Season will commence on May 14, 2013. The Notice of Open Season will be available on the Sunoco Logistics website at www.sunocologistics.com/eaglebineexpress.

More information about the Open Season is available by contacting:

Chuck Maser
215-977-3822
cemaser@sunocologistics.com

ABOUT SUNOCO LOGISTICS

Sunoco Logistics Partners L.P. (NYS: 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. (NYS: ETP) .



Sunoco Logistics Partners L.P.
Peter Gvazdauskas (investors), 215-977-6322
Joseph McGinn (media), 215-977-3237

KEYWORDS:   United States  North America  Pennsylvania  Texas

INDUSTRY KEYWORDS:

The article Sunoco Logistics Partners L.P. Announces Binding Open Season for Eaglebine Express Pipeline originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners