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Enterprise Merchandise Companions has introduced an settlement with ExxonMobil for the Bahia pure gasoline liquids (NGL) pipeline growth and joint curiosity acquisition.
Below the phrases of the settlement, ExxonMobil will purchase a 40% undivided joint curiosity within the Enterprise pipeline.
The Bahia pipeline, spanning 550 miles (885km), has the preliminary capability to move 600,000 barrels per day of NGLs.
Pipeline commissioning actions have begun, with business operations commencing quickly after.
It can transport NGLs from the Midland and Delaware basins in West Texas to Enterprise’s Mont Belvieu fractionation advanced.
The acquisition transaction is predicted to shut by early 2026, topic to regulatory approvals.
Upon closing, Enterprise and ExxonMobil will improve Bahia’s capability to 1 million barrels per day by including pumping capability.
To extend the capability, the three way partnership will construct a 92-mile extension to ExxonMobil’s Cowboy pure gasoline processing plant in Eddy County, New Mexico.
This extension may even connect with a number of Enterprise-owned processing amenities within the Delaware Basin. Enterprise will function the operator of the mixed system.
The growth and extension are scheduled for completion within the fourth quarter of 2027 (This fall 2027).
Enterprise basic associate and co-CEO A.J. Teague mentioned: “We’re happy to associate with ExxonMobil on the Bahia NGL pipeline.
“Because the ratio of pure gasoline and NGL manufacturing to crude oil manufacturing continues to extend within the Permian, the Bahia pipeline will probably be an important artery to ship blended NGLs to the fractionation advanced in Mont Belvieu.
“From 2024 to 2030, NGL manufacturing within the Permian Basin is predicted to extend by over 30%. This growth helps this development by offering crucial takeaway capability for the basin.”
Enterprise offers midstream power providers in North America, providing providers comparable to pure gasoline gathering, treating, processing, transportation and storage.
ExxonMobil mentioned the expanded pipeline mission will join its rising manufacturing within the Permian Basin to US Gulf Coast refining and chemical amenities.
This strategic funding would ship long-term worth for shareholders, strengthen its worth chain and enhance logistics flexibility, said ExxonMobil.
ExxonMobil reported internet revenue of $7.5bn for the quarter ending 30 September 2025, a 12% lower from $8.6bn in the identical interval final 12 months.
“Enterprise, ExxonMobil announce Bahia NGL pipeline growth ” was initially created and printed by Offshore Know-how, a GlobalData owned model.
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