The 56-mile Victoria Express multi-grade crude oil pipeline has a current capacity of approximately 50,000 barrels per day (bpd).
Upon completion of currently-underway expansion projects, the pipeline will have capacity of approximately 90,000 bpd.
Under the terms of the agreement, EnLink acquired other Victoria Express assets at the destination of the pipeline which include an eight-bay truck unloading terminal, 200,000 barrels of above-ground storage, of which 50,000 barrels are under construction, and rights to barge loading docks.
Additionally, the transaction involves facilities that are under construction, including an eight-bay truck unloading terminal and 160,000 barrels of above-ground storage, near the origin of the pipeline.
EnLink Midstream integrated midstream company has assets in many of North America’s premier oil and gas regions, including the Barnett Shale, Permian Basin, Cana-Woodford Shale, Arkoma-Woodford Shale, Eagle Ford Shale, Haynesville Shale, Gulf Coast region, Utica Shale and Marcellus Shale.
