Enterprise Is Filling Midland-to-ECHO Pipeline, Lifting WTI Prices

March 11, 2019

 

Enterprise Products Partners LP is filling its Midland-to-ECHO crude pipeline.

The line fill is increasing to 620,000 barrels per day (bpd) from 575,000 bpd, according to an investor presentation this week.

The Midland-to-ECHO pipeline expansion spurred additional crude purchases that lifted the price of Midland crude on Friday, traders told Reuters.

The pipeline runs to Enterprise’s ECHO terminal in Houston, which can store 7.4 million barrels of oil.