ExxonMobil Pipeline Co. and Sentinel Midstream Texas LLC have formed a joint venture, Enercoast Midstream LLC, to provide last-mile delivery of Permian, Gulf of Mexico, and other crude oil into the Houston market.
For the joint venture, ExxonMobil will contribute two existing crude oil pipelines: a 16-in. OD pipeline originating at its Webster Terminal with delivery points at ExxonMobil's 584,000-b/d Baytown refinery and Magellan Midstream Partners’ Seabrook export terminal and a 20-in. OD pipeline between Moore Road station and the Baytown plant.
Sentinel contributed cash for a majority equity position and will operate the joint venture. Sentinel intends to further expand its operating footprint by building or acquiring new pipelines.
Enercoast began serving shippers as a common-carrier pipeline Oct. 1, 2021.