"Recent differentials and continued basin growth highlights the need for additional takeaway capacity out of the basin," CFO Thomas Long said during today's earnings conference call.
ET in October launched an open season looking to expand capacity on the vital pipeline that runs from North Dakota to Illinois and eventually to Texas.
ET also said all three Permian Express lines are now operating at full capacity, as the final 50K bbl/day of Permian Express 3 capacity went into service in September to bring the total capacity of Permian Express 3 to 140K bbl/day.
Now read: Daily Insider Ratings Round Up 9/10/18 »
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