ExxonMobil, Enterprise to Expand Bahia NGL Line to 1M Bpd


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) - ExxonMobil is acquiring a 40% stake in the 600,000-bpd 
Bahia natural gas liquids (NGL) pipeline from operator Enterprise Products 
Partners, with plans to build a 92-mile extension that would boost the 
project's capacity to 1 million bpd, the two companies announced Thursday 
(11/20).

   The deal, expected to close by early 2026 and subject to regulatory 
approvals, grants ExxonMobil an undivided joint interest of 40% in the pipeline 
that is ready to commence commercial operations, linking Permian's Midland and 
Delaware basins to Enterprise's Mont Belvieu fractionation complex.

   Once the deal closes, the companies plan to boost the project's capacity by 
400,000 bpd with the construction of a 92-mile extension, dubbed the "Cowboy 
Connector," to ExxonMobil's Cowboy natural gas processing plant in New Mexico.

   Enterprise said the expansion was to accommodate the Permian Basin's 
projected NGL growth, which is forecast to exceed 30% between 2024 and 2030. It 
added that it will remain operator of the combined expanded system, targeted 
for completion by the fourth quarter of 2027.




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