BridgeTex Pipeline Company, LLC, a company owned by Magellan Midstream Partners, L.P. (NYSE: MMP) and Occidental Petroleum Corporation (NYSE: OXY), plans to begin the commissioning of the BridgeTex Pipeline in the third quarter of 2014.
Given the significant need for crude oil transportation service from the Permian Basin to the Houston Gulf Coast area and in order to accommodate requests of committed and prospective spot shippers to provide access to available transportation infrastructure as soon as it becomes available, BridgeTex intends to begin limited commercial operations on the pipeline as part of the initial commissioning process.
The company has begun to fill storage tankage at the origin of the system in Colorado City, Texas, and operations to fill the pipeline will begin in the near future. Spot shippers interested in transporting crude oil on the BridgeTex Pipeline should contact Jon Lawrence of Magellan at (918) 574-7709 or email@example.com to obtain information about the preliminary connectivity of the pipeline as well as new shipper setup requirements, which include the establishment of any necessary credit support. Once fully operational, the BridgeTex Pipeline system will have the capacity to transport up to 300,000 barrels per day of crude oil from Colorado City to the Houston Gulf Coast area.
The project includes approximately 450 miles of newly-constructed pipeline from Colorado City to Houston and Texas City.
SOURCE Magellan Midstream Partners, L.P.