Enterprise Product's Eagle Ford Shale pipeline has gotten the green light from the town of Sealy, TX and Austin County, TX. We're closer to having the needed infrastructure for moving larges volumes of Eagle Ford crude. The pipeline has a planned capacity of 350,000 barrels of oil per day. Hopefully, the pipeline companies stay in front of oil production and we don't see the oil price discounts experienced in North Dakota's Bakken Shale.
"Enterprise Crude Pipeline LLC is making its own play to tap the resource, near Sealy, and Austin County commissioners’ have agreed to proceed with installation of a new pipeline. But, with conditions."“ 'It needs to be contingent on whether we can get everything we need to get it done,” said Precinct 4 Commissioner Douglas King.""Commissioners agreed, and gave a green light to the project, but only if all supplies are available."
"Enterprise Crude Pipeline LLC is the petitioner, and will be given permission to begin construction as soon as equipment details can be resolved."
"The project is to tap the resources of one of the deepest and oldest shale plays in the nation, the Eagle Ford Shale, of which Austin County is a part."
Read the full news release at SealyNews.com