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Stock Market & Financial Investment News

News Breaks
June 6, 2014
09:06 EDTMMP, OXYBridgeTex Pipeline ready to accept applications from spot shippers
BridgeTex Pipeline Company, a company owned by Magellan Midstream Partners (MMP) and Occidental Petroleum (OXY), plans to begin the commissioning of the BridgeTex Pipeline in Q3, it announced. 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.
News For MMP;OXY From The Last 14 Days
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August 14, 2014
16:01 EDTOXYOptions Update; August 14, 2014
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August 9, 2014
15:25 EDTMMP, OXYBridgeTex Pipeline extends open season to August 14
Magellan Midstream Partners (MMP) and Occidental Petroleum Corporation (OXY) announced that BridgeTex Pipeline has extended its supplemental open season for additional transportation commitments on the pipeline. Binding commitments are now due by 5:00 p.m. Central Time on August 14. Construction of the BridgeTex Pipeline commenced in November 2012 following an initial successful open season in which BridgeTex secured long-term transportation commitments supporting the project.The BridgeTex Pipeline is now in the final stages of construction and will be capable of transporting up to 300,000 barrels per day of Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast Area.

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