Sunoco Logistics Partners L.P. reported a two-week extension of its binding open season for Permian Express Phase I, a new project to transport West Texas crude oil to Gulf Coast markets. Binding commitments are now due on August 7, 2012.

As previously announced, Permian Express Phase I will provide continuous pipeline service from Wichita Falls, Texas to Nederland/Beaumont, Texas markets. At Wichita Falls, a connection to Basin Pipeline will be provided. Due to the use of existing assets, an initial capacity to transport approximately 90,000 barrels per day to Nederland will be operational within 6 to 9 months. Full capacity of 150,000 barrels per day is expected by the second half of 2013.

Tags: Sunoco Logistics Partners L.P.