TULSA, Okla. and DENVER, Nov. 8,
2018 /PRNewswire/ -- Saddlehorn Pipeline Company, LLC
("Saddlehorn") and ARB Midstream, LLC ("ARB") announced today that
they have launched an open season to seek transportation
commitments for a joint tariff from the future Matador pipeline
through the Saddlehorn pipeline to Cushing, Oklahoma. Interested customers must
submit binding commitments by 5:00 p.m.
Central Time on Dec. 7,
2018.
The Saddlehorn pipeline, which is jointly owned by affiliates of
Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan"), Plains
All American Pipeline, L.P. (NYSE: PAA) ("Plains") and
Anadarko Petroleum Corporation (NYSE: APC) ("Anadarko"), is currently capable of
transporting 190,000 barrels per day ("bpd") of crude oil from the
DJ Basin to storage facilities in Cushing owned by Magellan and Plains. The
Matador pipeline is currently under development in Adams and Weld Counties, Colorado by DJ South Gathering, LLC, a
subsidiary of ARB. The Matador pipeline is expected to be
in-service by late 2019 with an initial capacity of 220,000 bpd and
connectivity to Saddlehorn's Platteville,
Colorado origin for ultimate delivery to the strategic
Cushing storage hub.
For customer inquiries or additional information about the open
season, please contact Matt Gooding
of Magellan at (918) 574-7838 or
matt.gooding@magellanlp.com.
About Magellan Midstream Partners, L.P.
Magellan
Midstream Partners, L.P. (NYSE: MMP) is a publicly traded
partnership that primarily transports, stores and distributes
refined petroleum products and crude oil. Magellan owns the longest
refined petroleum products pipeline system in the country, with
access to nearly 50% of the nation's refining capacity, and can
store more than 100 million barrels of petroleum products such as
gasoline, diesel fuel and crude oil. More information is available
at www.magellanlp.com.
About Plains All American Pipeline,
L.P.
Plains All American Pipeline, L.P. (NYSE: PAA) is a publicly traded
master limited partnership that owns and operates midstream energy
infrastructure and provides logistics services for crude oil,
natural gas liquids ("NGL") and natural gas. Plains owns an
extensive network of pipeline transportation, terminalling, storage
and gathering assets in key crude oil and NGL producing basins and
transportation corridors and at major market hubs in the United States and Canada. On average, Plains handles more than 5
million barrels per day of crude oil and NGL in its Transportation
segment. Plains is headquartered in Houston, Texas. More information is available
at www.plainsallamerican.com.
About Anadarko Petroleum Corporation
Anadarko Petroleum Corporation's mission is to deliver a
competitive and sustainable rate of return to shareholders by
exploring for, acquiring and developing oil and natural gas
resources vital to the world's health and welfare. As of year-end
2017, the company had 1.44 billion barrels-equivalent of proved
reserves, making it one of the world's largest independent
exploration and production companies. For more information about
Anadarko and APC Flash Feed
updates, please visit www.anadarko.com.
About ARB Midstream, LLC
ARB Midstream, LLC, formed
with a strategic financing relationship with BV Natural Resources,
LLC, is a privately held company based in Denver, Colorado that provides complete
midstream and marketing solutions for crude oil, LPGs and refined
products. ARB markets crude oil and operates assets in Colorado, Oklahoma, Texas, Wyoming and North
Dakota. ARB owns and operates the Platte River Gathering
System, a 157,000 bpd gathering system in the DJ Basin. More
information is available at www.arbmidstream.com.
This press release includes certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties and other
factors that could cause actual results or outcomes to differ
materially from results or outcomes anticipated in the
forward-looking statements. Important risks, uncertainties and
other factors that could affect future results or outcomes are
discussed in filings with the Securities and Exchange Commission by
Magellan, Plains and Anadarko. The
companies undertake no obligation to update or revise any
forward-looking statement to reflect new information or events
occurring after today's date.
Contact Information:
Magellan:
|
Paula Farrell,
Investor Relations
Bruce Heine, Media
Relations
|
(918)
574-7650
(918)
574-7010
|
paula.farrell@magellanlp.com
bruce.heine@magellanlp.com
|
|
|
|
|
Plains:
|
Brett Magill,
Investor Relations
Brad Leone, Media
Relations
|
(866)
809-1291
(866)
809-1290
|
|
|
|
|
|
Anadarko:
|
Robin Fielder,
Investor Relations
John Christiansen,
Media Relations
|
(832)
636-1462
(832)
636-8736
|
robin.fielder@anadarko.com
john.christiansen@anadarko.com
|
|
|
|
|
ARB:
|
Rogan
McGillis
|
(720)
600-7500
|
rogan.mcgillis@arbmidstream.com
|
View original
content:http://www.prnewswire.com/news-releases/saddlehorn-pipeline-and-arb-midstream-announce-open-season-for-joint-tariff-from-adams-county-colorado-to-cushing-oklahoma-300746218.html
SOURCE Magellan Midstream Partners, L.P.