Sunoco Logistics Partners LP (SXL)

[OilStockReport]

Update!

PHILADELPHIA--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYSE:SXL - News) today announced that it had a successful open season for Project Mariner West. Sunoco Logistics received binding commitments that enable the project to proceed as designed with an initial capacity to transport approximately 50,000 barrels per day and the ability to expand to support higher volumes as needed.

Mariner West is a pipeline project developed jointly by Sunoco Logistics and MarkWest Liberty Midstream & Resources, LLC, a partnership between MarkWest Energy Partners, L.P. (NYSE:MWE - News) and The Energy & Minerals Group. The project will deliver ethane from the liquid-rich Marcellus Shale processing and fractionation areas in Western Pennsylvania to the Sarnia, Ontario petrochemical market.

Together with Mariner East, a previously announced Sunoco Logistics/MarkWest Liberty pipeline and marine project developed to transport ethane produced in the Marcellus to the US Gulf Coast and International markets, these projects provide Marcellus producers with a comprehensive ethane takeaway solution for the Marcellus Shale basin.

“We are pleased to announce a successful open season for Mariner West,” said Lynn L. Elsenhans, chairman and chief executive officer. “We received binding commitments that enable this project to move forward. The project is underway and is scheduled to be operational by July 2013. In addition, we look forward to continuing to work on the Mariner East project and expand our relationship with MarkWest Liberty. We believe our existing infrastructure and the ability to reach multiple market destinations provide a cost-efficient and flexible solution to transport additional Marcellus Shale ethane production.”