Keystone XL Pipeline

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“ Exxon Mobil Corporation’s XOM Double E Pipeline recently received a favorable go-ahead from the Federal Energy Regulatory Commission (“FERC”). The project has received Notice to Proceed for construction and Implementation Plan approval from the regulatory body.

The project is a joint venture between ExxonMobil and Summit Midstream Partners, LP SMLP. While ExxonMobil has a 30% interest in the pipeline, the remaining 70% operating stake is owned by Summit Midstream. The construction manager of the pipeline, Summit Midstream has also received rights-of-way on federal lands for the Double E Pipeline. Construction works will likely commence in the current quarter.

The 135.2-mile Permian Basin natural gas pipeline project is expected to be commissioned in fourth-quarter 2021. Last April, it received favorable environmental assessment from the FERC, following an environmental analysis, as the regulatory authority expected the pipeline to have minimal impact on the environment. The pipeline is expected to provide much relief to producers in the region, where natural gas comes as a buy-product of oil and huge flaring problems are faced.

The pipeline will transport natural gas from the northern Delaware Basin in Eddy County to Waha, TX and have a shipping capacity of 1,350 million cubic feet of natural gas per day. From the starting point, the commodity will be sent to the markets along the U.S. Gulf Coast and Mexico.”

Don’t see Biden shutting down Exxon Mobil’s new pipeline