Enterprise Merchandise Companions LP will farm out 40 p.c of the Bahia pure fuel liquids (NGLs) pipeline to Exxon Mobil Corp, in a deal anticipated to be accomplished “early 2026” topic to regulatory approvals, Enterprise mentioned Thursday.
“The 550-mile Bahia pipeline, which has begun commissioning actions and can start business operations instantly thereafter, can have an preliminary capability to move 600,000 barrels per day (bpd) of NGLs from the Midland and Delaware basins of West Texas to Enterprise’s Mont Belvieu fractionation advanced”, the Houston, Texas-based oil and fuel midstream firm mentioned in a press launch.
A.J. Teague, co-chief govt of Enterprise’s common accomplice Enterprise Merchandise Holdings LLC, earlier mentioned in Enterprise’s quarterly report the pipeline was on monitor to begin operations this month.
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“Upon closing of the transaction, Enterprise and ExxonMobil plan to extend Bahia’s capability to 1 million bpd by including incremental pumping capability and developing a 92-mile extension of Bahia to ExxonMobil’s Cowboy pure fuel processing plant in Eddy County, New Mexico”, Enterprise added. “The extension can even hook up with a number of Enterprise-owned processing amenities within the Delaware Basin.
“The enlargement and extension are anticipated to be accomplished within the fourth quarter of 2027, with ExxonMobil’s curiosity known as the ‘Cowboy Connector’. Enterprise will function operator of the mixed system”.
Teague mentioned, “Because the ratio of pure fuel and NGL manufacturing to crude oil manufacturing continues to extend within the Permian, the Bahia pipeline will probably be an important artery to ship combined 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 p.c”.
Within the third quarter Enterprise logged NGL pipeline volumes of 4.7 million bpd, up 391,000 bpd from the identical three-month interval final yr. NGL marine terminal volumes averaged 908,000 bpd in July-September 2025, up 21,000 bpd towards the third quarter of 2024. NGL fractionation volumes totaled 1.6 million bpd, down from 1.7 million bpd in Q3 2024.
NGL, crude oil, refined merchandise petrochemical pipeline volumes totaled 8.4 million bpd, up from 7.8 million bpd in Q3 2024.
Enterprise does enterprise in pure fuel gathering, treating, processing, transport and storage; NGL transportation, fractionation, storage and terminalling; crude oil gathering, transport, storage and terminalling; petrochemical and refined merchandise manufacturing, transport, storage and terminaling. It says it fuel over 50,000 miles of pipelines; over 300 million barrels of storage capability for NGLs, crude, refined merchandise and petrochemicals; and 14 billion cubic ft of pure fuel storage capability.
Additionally on Thursday Enterprise mentioned its common accomplice’s board had elected Michael C. Hanley, who joined Enterprise 2006, as govt vp and chief business officer efficient December.
“We imagine Enterprise has assembled one of the educated and revolutionary business groups within the midstream vitality trade”, mentioned Teague.
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