Tom Long: It’d probably be a better question for the guys that report or to me on — in late, report to me on the crude side, we are so excited. Those assets adds, we believe, so much value it does a lot of things for us. One, we’ve always wanted to be able to get to Cushing. All we have to do is ride 30 miles and we can move fairly significant volumes to Cushion when those blow out or when our customers want to go that direction. We’ll have access to Wink, which is a growing area hub for oil that we don’t have access to date, which benefits us in many ways. We also have access to Crane, which is kind of one of the main receipt points for the pipelines heading to Corpus. There’s a lot of opportunity to blend and create value there off our system and there will be.
And then we also have the ability to move more barrels over to our Colorado City area where we have significant takeaway to our Permian Express systems. In addition to that, there’s numerous blending opportunities at Midland, we’re adding several million barrels more of storage. So it’s hard to kind of, I guess, relate how excited we are and the multiple that we paid for those we think will improve on significantly within a year or two and look forward seeing all those barrels enter our system and also help support our cross sell capacity opportunities.
Jeremy Tonet: Got it. That’s very helpful. I’ll leave it there. Thanks.
Operator: Thank you. And the next question comes from Chase Mulvehill with Bank of America.
Chase Mulvehill: Hey, good afternoon. I guess if we could talk about the NGL and Refined Products segment, for the second quarter in a row, you generated more than $900 million of EBITDA for this segment. And I realize that there’s a lot of marketing and optimization benefits that are included in the results over the last couple of quarters. I don’t know if you could kind of hold our hand a little bit and bridge kind of 1Q and 2Q kind of how you’re thinking about puts and takes for 2Q? And then obviously in the back half, you got frac 8 coming online. But just trying to understand kind of how we should think about this segment in 2Q and through the back half of the year?
Tom Long: Yes. How to — encourage you to think about it is excited. We — as we stated earlier, we’ve set some records in our NGL business. In fact, we were talking about before this call toward the end of April, we actually hit all-time daily records out of Midland for our NGL transport. We hit all-time U.S. NGL transport and we also hit a one day half for frac. So we’re hitting records along our NGL systems and with the — like as we mentioned, the growing demand we just couldn’t be more excited about the assets that we have. As we mentioned in our statements earlier, we hit some records for ethane both at Nederland in the first quarter as well as Marcus Hook. And so we sit in such a great position in both areas. One, our (ph) franchise is locked and loaded.
I mean, we’ve got a tremendous capability that all we have to do is add pumps and can double our capacity up there as we can bring on more volumes upstream. We already have permits to expand our ethane capabilities up to 140,000 barrels a day and we’ll continue to pursue that project and get that FID. And then of course, we have Nederland, which is such a gem for us in so many different ways, but certainly on the NGL perspective, it’s ironic in kind of humorous inside our partnership. We kind of have a battle going on it Nederland between the usage of our docks between crude and NGL and likely NGL has been kicking the tail of crude and we’ll continue to do that. And the benefits of that are, we’re now starting to move a lot more of our barrels over to Houston.
