trending Market Intelligence /marketintelligence/en/news-insights/trending/96Vt7cH3Ah4lqlcTdvicgQ2 content esgSubNav
In This List

Andeavor receives shipper support to build Texas crude gathering system

Blog

Funding Social and Affordable Housing: A Credit Perspective

Blog

Global M&A By the Numbers: Q2 2021

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Over 150 state-level energy-related measures enacted during Q2'21


Andeavor receives shipper support to build Texas crude gathering system

Andeavor Corp. will push through with the construction of its planned Conan crude oil gathering pipeline system in the Delaware Basin with the support of enough third-party shipper commitments.

The 130-mile Conan system would carry crude form Lea County, N.M., and Loving County, Texas, to a new terminal in Loving County, which would connect to other pipeline carriers. The first phase would have a capacity of about 250,000 barrels per day, and future phases are expected to boost capacity up to 500,000 bbl/d, according to an Aug. 11 news release.

Andeavor allocated $225 million in estimated capital investment for the first phase of the system. The project is scheduled to begin commercial service in mid-2018.

Andeavor is the new name of Tesoro Corp., which took effect on Aug. 1.