BridgeTex Pipeline extends open season
Published by Stephanie Roker,
Magellan Midstream Partners, L.P. (Magellan) and Plains All American Pipeline, L.P. (Plains) announced that BridgeTex Pipeline Company, LLC (BridgeTex), owned 50/50 by Magellan and Plains, has extended its open season to assess additional customer interest in a new origin in Grimes County, Texas (USA) for the BridgeTex pipeline to accept Eaglebine crude oil and condensate shipments.
While sufficient commitments have been received to proceed with the project, the extension provides other potential shippers additional time to make commitments. Binding commitments are now due by 5:00 p.m. Central Time on 15 February 2016.
The new origin, to be located approximately 100 miles northwest of Houston, is expected to be operational in mid 2017.
The BridgeTex pipeline currently has a capacity of 300 000 bpd to deliver Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast area. If warranted by customer demand, BridgeTex will expand the capacity of the pipeline system by approximately 35 000 bpd to provide transportation services from the new Grimes County origin to the Houston Gulf Coast area.
Edited from sources by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/03022016/bridgetex-pipeline-extends-open-season/
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