Sentinel, ExxonMobil form joint venture to operate crude oil pipelines

Richardson-based Sentinel Midstream said Oct. 4 it will operate two ExxonMobil crude oil pipelines in the Houston area under a new joint venture with subsidiary ExxonMobil Pipeline.  Enercoast Midstream, the joint venture, will provide last-mile links for Permian Basin, Gulf of Mexico and other barrels in the Houston market.  For the JV, ExxonMobil will contribute two existing crude oil pipelines – a 16-inch pipeline (20 miles) originating at Webster terminal with delivery points at Baytown and Seabrook and a 20-inch pipeline (10 miles) with access to Baytown and Moore Road station.  Sentinel contributed cash for a majority equity position and will operate the JV.

Jeff Ballard, president and CEO, said, “Sentinel looks forward to the opportunity to serve ExxonMobil and other shippers in the Houston market.”