June 2019, Vol. 246, No. 6

Projects

Magellan Optimistic About Cushing-to-Houston Crude Pipeline

Magellan Midstream Partners is confident a proposed Midland origin point will attract enough commitments from shippers to go forward with a crude pipeline from the oil storage hub in Cushing, Okla., to Houston, Chief Executive Michael Mears said. The pipeline operator opted against pursuing its Permian Gulf Coast pipeline project in March after it was unable to obtain enough commitments to proceed, but it has received “significant” market feedback its Midland origin would be attractive, Mears told investors in a conference call. “We’re fairly optimistic the combined interest between Cushing and Midland will lead to sufficient commitments to proceed, which is what we were unable to obtain

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