PSXP - Energy Transfer Teams Up With Phillips 66 Partners In Louisiana
The first leg of the Bayou Bridge Pipeline development, a 49-mile long, 30-inch crude oil pipeline from Nederland in Texas to Lake Charles in Louisiana, commenced commercial operations in April 2016. Energy Transfer LP (NYSE:ET) and Phillips 66 Partners (NYSE:PSXP) own 60% and 40% of this joint venture, respectively, with Energy Transfer LP acting as operator. Another segment, the 163-mile long, 24-inch pipeline from Lake Charles to St. James in Louisiana, is due to come online during the first quarter of this year. Let’s take a look at the Bayou