Magellan extends open season for Saddlehorn Pipeline

Magellan Midstream Partners, L.P. have announced an extension of the open season for commitments on the proposed Saddlehorn Pipeline to transport various grades of crude oil from the Niobrara shale to the partnership's storage facilities in Cushing, Oklahoma. Binding commitments are now due by 5:00 p.m. Central Time on 6^th November, 2014.

The proposed Saddlehorn Pipeline includes construction of an approximate 600 mile, 20 in. diameter pipeline capable of transporting up to 400 000 bpd of crude oil from Platteville, Colorado to Magellan's storage facilities in Cushing. Magellan expects to use its existing right-of-way for a significant portion of the pipeline route.

Subject to sufficient commitments from shippers and receipt of any necessary permits and regulatory approvals, the Saddlehorn Pipeline could be operational during the Q2 of 2016.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/22102014/magellan-extends-open-season-for-saddlehorn-pipeline/