Magellan Midstream to Expand Houston-Area Crude Oil Pipeline Distribution System

abarrelfullabarrelfull wrote on 02 Nov 2011 12:09
Tags: magellan pipeline usa

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Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it is further expanding its crude oil pipeline distribution capabilities in the Houston area to deliver domestic crude oil and condensate transported via third-party pipeline systems from the Eagle Ford Shale production area directly to local refineries. The project includes the construction of a 6-mile, 24-inch diameter crude oil pipeline between the pipeline interchanges of Genoa Junction and Speed Junction, which will connect to the 24-inch diameter crude oil pipeline along the Houston Ship Channel that was previously announced as part of the partnership’s Houston-to-El Paso pipeline reversal project, allowing Magellan to further distribute product to the Houston-area refineries.

“Magellan’s crude oil infrastructure is strategically positioned to be the last leg distribution conduit to the Houston and Texas City refinery gate for growing domestic crude oil and condensate production,” said Michael Mears, chief executive officer. “Together with our recently-announced capital investment to transport crude oil from West Texas to the Houston market, Magellan will be able to access and distribute crude oil and condensate from both the Eagle Ford Shale and Permian Basin formations, providing Houston and Texas City refineries with direct access to new domestic production.”

This project, which is supported by a long-term customer commitment, is expected to be operational by the end of 2012.

The partnership also is pursuing opportunities to provide outbound waterborne capabilities and connections to third-party pipelines that can transport crude oil and condensate to additional markets.

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