Press release from PR Newswire
Spectra Energy Announces Open Season for Express Crude Oil Pipeline
Wednesday, June 05, 2013
Spectra Energy Announces Open Season for Express Crude Oil Pipeline08:00 EDT Wednesday, June 05, 2013
HOUSTON, June 5, 2013 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) today announced an open season for crude oil shipments on the Express pipeline from Hardisty, Alberta, Canada to all points along its system, including a new proposed interconnection to a rail terminal under development in Casper, Wyoming. The open season begins today and will run until August 9, 2013, with service beginning as early as October 1, 2013.
"We're pleased to offer this open season on our recently acquired Express pipeline to continue to meet the needs of our refinery customers and also expand our customer base," said Duane Rae, president of Spectra Energy Liquids. "The Express system is well-positioned to provide for the increasing oil transportation needs in the region and Spectra Energy is moving quickly to secure that growth opportunity."
Potential shippers that desire copies of the open season documents must execute a Confidentiality Agreement (CA). Interested parties can obtain a CA from Matt Cheadle, at MCheadle@spectraenergy.com or 403-699-1371, or Pat Whitty, at DPWhitty@spectraenergy.com or 713-627-5432.
The 1,717-mile Express-Platte system, which begins in Hardisty, Alberta, and terminates in Wood River, Illinois, comprises the Express and Platte crude oil pipelines and is one of just three major pipeline systems moving crude oil from western Canada to Rockies and Midwest refineries and markets. Spectra Energy acquired the Express-Platte system in March 2013 and has announced intentions to drop the asset down to its master limited partnership, Spectra Energy Partners.
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America's premier pipeline and midstream companies. Based in Houston, Texas, the company's operations in the United States and Canada include more than 22,000 miles of natural gas, natural gas liquids, and crude oil pipelines, approximately 305 billion cubic feet (Bcf) of natural gas storage, as well as natural gas gathering and processing, and local distribution operations. The company also has a 50 percent ownership in DCP Midstream, the largest producer of natural gas liquids and one of the largest natural gas gatherers and processors in the United States. Spectra Energy has served North American customers and communities for more than a century. The company's longstanding values are recognized through its inclusion in the Dow Jones Sustainability World and North America Indexes and the Carbon Disclosure Project's Global 500 and S&P 500 Carbon Disclosure Leadership Indexes. For more information, visit www.spectraenergy.com.
SOURCE Spectra Energy Corp
For further information: Media: Phil West, (713) 627-4964, (713) 627-4747 (24-hour media line), Analysts: John Arensdorf, (713) 627-4600