Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P. announced yesterday that BridgeTex Pipeline Company, LLC, owned 50/50 by Magellan and Plains, plans to further expand the capacity of the BridgeTex pipeline and has launched a supplemental open season to assess customer interest for the expanded capacity. All potential customers must submit binding commitments by 5:00 p.m. Central Time on 30 December 2017.
The BridgeTex pipeline was recently expanded from 300 000 bpd to a capacity of 400 000 bpd to deliver Permian Basin crude oil from Midland and Colorado City, Texas to the Houston Gulf Coast area.
BridgeTex is expanding the pipeline system again, for a new capacity of approximately 440 000 bpd. The additional 40 000 bpd of capacity is expected to be operational in early 2019.
Magellan Midstream Partners, L.P. is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. Magellan owns the longest refined petroleum products pipeline system in the US, with access to nearly 50% of the nation's refining capacity, and can store approximately 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids, natural gas and refined products. Plains owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the US and Canada. On average, Plains handles over 5 million bpd of crude oil and NGL in its transportation segment.
Read the article online at: https://www.worldpipelines.com/business-news/01122017/bridgetex-pipeline-to-further-expand/
You might also like
Bill Chilton has been announced as the new Diving Manager at the International Marine Contractors Association.