Jupiter makes move to connect Permian wells to the world

By Luke Geiver | December 03, 2018

Jupiter CEO Tom Ramsey believes the Texas crude transport, storage and pipeline operator can soon connect the Permian wellhead to the world. Jupiter MLP is now collecting shipper interest in a Permian crude pipeline that could connect producers to three export terminals along the Texas Gulf Coast. After earning funding in October for a 600-mile-plus pipeline with several origination points across the West Texas and New Mexico, Jupiter is now less than a year-and-a-half away from commencing operation.

The pipeline has already received the necessary rights-of-way. Once complete, the pipeline will provide deep water port access at Houston, Corpus Christi and Brownsville, Texas.

Charon System Advisors is providing the funding for the build-out of the pipeline. In Brownsville, Jupiter has already secured the ability to store more than 2 million barrels of crude with the possibility of reaching 6 million barrels.

In addition to the storage capacity attained at the Brownsville location, Jupiter is also working to develop and construct a 170,000 barrel per day processing facility that would turn shale oil into on-spec gasoline and ultra-low Sulphur diesel. In addition to the crude oil storage and pipeline plans, Jupiter also owns and operates a crude oil truck fleet and other logistics assets.

“From our first purchase crude oil business and Jupiter Transport trucking company, to construction of the Jupiter pipeline, its connections in the Permian and the ability to load Very Large Crude Carriers offshore near Brownsville,” Ramsey said, “we are executing on our long-term, global strategy of connecting the wellhead to the world.”

Adrayll Askew, partner at Charon, said that his company is excited to back Jupiter. “We are fully committed to Jupiter’s long-term global strategy that focuses on integration of the midstream supply chain and distribution of Permian crude oil to the world.”