Magellan Midstream Partners and
Occidental Petroleum are proceeding with the construction of the previously
announced BridgeTex Pipeline to transport Permian Basin crude
oil from Colorado City, Texas to the Houston Gulf Coast
The BridgeTex Pipeline is supported
by long-term transportation commitments received during its
recent successful open season, and it has received a favorable
order from the Federal Energy Regulatory Commission. The
order approved the tariff structure for the pipeline.
The pipeline will be capable
of transporting up to 300,000 bpd of crude oil, with access to
Houston Ship Channel refineries, Texas City refineries and
other refineries throughout the Gulf Coast via third-party
pipelines. The BridgeTex Pipeline project includes construction of the following energy
Approximately 400 miles of 20-inch pipeline from Colorado
City to Magellan's terminal in East Houston
Approximately 1.2 million barrels (MMbbl) of crude oil
storage in Colorado City and 1.4 MMbbl of crude oil
storage in East Houston to facilitate pipeline movements
Nearly 50 miles of 24-inch pipeline between East Houston
and Texas City.
The pipeline is expected to begin
service by mid-2014, subject to necessary permitting.