Magellan pipeline

By Jordan Blum Published 8:41 am CDT, Tuesday, September 11, 2018 The massive BridgeTex Pipeline was completed in 2014 and terminates in east Houston. The pipeline - owned by Magellan Midstream and Plains All American Pipeline - carries Permian Basin crude oil from Colorado City to Houston. The pipeline was expanded to 400,000 barrels a day of capacity this year and the owners are currently weighing an additional expansion to 440,000 barrels daily. less The massive BridgeTex Pipeline was completed in 2014 and terminates in east Houston. The pipeline - owned by Magellan Midstream and Plains All American Pipeline - carries Permian Basin crude oil from Colorado ... more Photo: Magellan Midstream Partners Photo: Magellan Midstream Partners Image 1 of / 1 Caption Close Image 1 of 1 The massive BridgeTex Pipeline was … [Read more...] about Report: Permian surge on oil hedging shows fear of pipeline shortages

By Katherine Blunt Published 9:23 am CDT, Tuesday, August 21, 2018 Photo: Magellan Midstream Partners Image 1of/1 CaptionClose Image 1 of 1 The massive BridgeTex Pipeline was completed in 2014 and terminates in east Houston. The massive BridgeTex Pipeline was completed in 2014 and terminates in east Houston. Photo: Magellan Midstream Partners Canadian pension fund to buy stake in BridgeTex pipeline 1 / 1 Back to Gallery Plains All American Pipeline and Magellan Midstream Partners have agreed to sell a 50 percent stake in BridgeTex Pipeline Co. to Canadian pension fund OMERS for about $1.4 billion. Plains of Houston and Magellan of Tulsa each own 50 percent of BridgeTex. As part of the deal, OMERS will acquire a 30 percent interest from Plains and a 20 interest from Magellan. The deal is expected to … [Read more...] about Canadian pension fund to buy stake in BridgeTex pipeline

By Jordan Blum Published 9:08 am CDT, Friday, August 10, 2018 Image 1of/1 CaptionClose Image 1 of 1 Exxon Mobil joins Kinder Morgan on $2B Permian Highway Pipeline 1 / 1 Back to Gallery Exxon Mobil is signing on as a major customer on Kinder Morgan's planned, $2 billion Permian Highway Pipeline to carry natural gas from West Texas to the Houston region. Irving-based Exxon Mobil is looking for more outlets to transport its natural gas from its rapidly increasing Permian Basin production. While crude oil is the main focus of production, there's a lot of still-valuable associated gas that comes out of the Permian wells too. Houston-based pipeline giant Kinder Morgan proposed the Permian Highway Pipeline project in June in a partnership with Midland-based EagleClaw Midstream. EagleClaw is financially backed by the New York private equity giant Blackstone Group. Kinder Morgan and EagleClaw also are partnered with Houston-based oil … [Read more...] about Exxon Mobil joins Kinder Morgan on $2B Permian Highway Pipeline