By Colin Kellaher
Enterprise Products Partners has agreed to sell a 40% undivided joint interest in its Bahia natural-gas-liquids pipeline to Exxon Mobil in a deal that will expand and extend the project.
Enterprise on Thursday said Exxon Mobil will contribute its proportionate share of Bahia project costs to date, or about $650 million, in a deal slated to close by early 2026.
The 550-mile Bahia pipeline will have an initial capacity to transport 600,000 barrels of NGLs a day from the Midland and Delaware basins of West Texas to Enterprise's Mont Belvieu fractionation complex, the companies said.
Enterprise and Exxon Mobil said they plan to boost Bahia's capacity to 1 million barrels a day by adding incremental pumping capacity and building a 92-mile extension to Exxon Mobil's Cowboy natural-gas processing plant in New Mexico.
Exxon Mobil will own a 70% undivided joint interest in the extension, expected to be completed in late 2027, while Enterprise will serve as operator of the combined system, the companies said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
11-20-25 0806ET
