Magellan and Saddle Butte to pursue Saddlehorn Pipeline

Magellan Midstream Partners, L.P. and Saddle Butte Pipeline II, LLC announced today that they have entered into a letter of intent to jointly pursue the proposed Saddlehorn Pipeline to transport various grades of crude oil from the Niobrara shale to Magellan’s storage facilities in Cushing, Oklahoma.

Saddle Butte’s open season for a proposed competing pipeline project is cancelled immediately. The current open season for the Saddlehorn Pipeline continues, with binding commitments due from potential shippers by 5:00 p.m. central time on 6 November, 2014.

The proposed Saddlehorn Pipeline includes construction of an approximate 600 mile, 20 in. dia pipeline capable of transporting up to 400 000 bpd of crude oil from Platteville, Colorado to Magellan’s storage facilities in Cushing.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/30102014/magellan-and-saddle-butte-to-pursue-saddlehorn-pipeline/