You didn't say that this was for a gathering system and production treating station. For gathering lines you should use higher velocity allowables, since pipelines are short you can usually deal with higher pressure drops/ft, they are full of sand and grit, the lifetime of the short lines need not be longer than the lifetime of the well, say 5 to 10 years maximum, the lines are often full of reactive compounds, CO2, SOn, HS, water and acid producing bacteria, not to mention waxes, hydrates and other good stuff. Erosion can be accepted in gathering wells, because of the short life, so you can add some wall thickness. There is an optimum wall thickness addition you can find by evaluating steel cost vs erosion rate for 5 years or so. You usually should keep velocities towards the higher sides to try to help keep the gathering lines cleaner. Higher velocities also help to keep corrosion treatment chemicals coated on the pipe, rather than running down along the bottom only. Higher gross flowrates will also tend to avoid problematic slugging flow regimes if operating in two phase flow.