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Stock Market & Financial Investment News

News Breaks
April 3, 2014
09:07 EDTMMPMagellan Midstream's pipeline project in Little Rock advances to next phase
Magellan Midstream received sufficient commitments through its recent open season to proceed to the next phase for its potential pipeline to Little Rock, Arkansas. Management is currently negotiating an agreement to utilize a portion of an existing third-party pipeline. Subject to finalizing this agreement and receipt of the necessary permits and regulatory approval for the pipeline construction, the potential Little Rock pipeline could be operational in late 2015.
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August 9, 2014
15:25 EDTMMPBridgeTex 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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