Additional open season for Saddlehorn Pipeline

Magellan Midstream Partners, L.P., Plains All American Pipeline, L.P. and Anadarko Petroleum Corporation have announced that Saddlehorn Pipeline Company, LLC has launched a supplemental open season to seek additional transportation commitments for the Saddlehorn pipeline. Interested customers must submit binding commitments by 5:00 p.m. Central Time on 7 January 2016.

The Saddlehorn pipeline, which is currently under construction, will be capable of transporting at least 190 000 bpd of crude oil from the DJ Basin, and potentially the broader Rocky Mountain area resource plays, to storage facilities in Cushing, Oklahoma owned by Magellan and Plains. The pipeline's Platteville, Colorado origin and Cushing destination will each include one million barrels of storage. The pipeline is also being extended from Platteville to Carr, Colorado.

The Platteville-to-Cushing segment of the pipeline is expected to be operational during mid 2016, and the Carr-to-Platteville segment is expected to be operational in the 4Q16.

As previously announced, Saddlehorn has already received binding commitments from a wholly owned subsidiary of Anadarko and from Noble Energy, Inc.

Edited from source by Stephanie Roker

Read the article online at: https://www.worldpipelines.com/business-news/10122015/additional-open-season-for-saddlehorn-pipeline/