Enterprise says Seaway oil pipeline system resumes full operations after leak
A portion of the Seaway pipeline went down on Tuesday night, impacting crude oil flows on the pipeline, which runs from Cushing, Oklahoma, to the Freeport, Texas, area and connects to the Enterprise Crude Houston (ECHO) terminal.
The restart process occurred in stages and the pipeline began to transport volumes late on Thursday, the company said, declining to provide details on how many barrels were impacted by the leak.
The price of West Texas Intermediate crude at the East Houston terminal, called MEH, traded at a $1.25 premium to WTI at Cushing on Thursday, about 45 cents higher than on Monday, before the leak occurred.
The ECHO terminal is a physical delivery point for Midland crude oil in Houston and provides crude oil storage to customers with access to major refineries along the Texas Gulf Coast. The facility has connections to marine terminals that in turn supply other domestic and international refineries.
The Seaway pipeline is a 50-50 joint venture between Enterprise, which operates the line, and Canada's Enbridge (ENB.TO), opens new tab.
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