Magellan Midstream Acquiring 800 Miles Of Products Pipeline

April 2013, Vol. 240 No. 4

Magellan Midstream Partners, L.P. has agreed to acquire 800 miles of refined petroleum products pipeline from Plains All American Pipeline, L.P. for $190 million.

The acquisition includes 550 miles of common carrier pipeline that distributes refined petroleum products in Colorado, South Dakota and Wyoming. The system includes four terminals with nearly 1.7 MMbbls of storage.

Magellan also will acquire about 250 miles of common-carrier pipeline that transports refined petroleum products north from El Paso, TX, delivering products to Albuquerque, NM, and transports products south to the Texas-Mexico border for delivery via a third-party pipeline within Mexico.