- Magellan Midstream Partners (NYSE:MMP +0.5%) says it will expand the western leg of its refined petroleum products pipeline system in Texas to handle shipments of gasoline and diesel fuel to demand centers in Texas and in New Mexico.
- Following a successful open season in March, MMP plans to increase system capacity to ~150K bbl/day from the current 100K bbl/day and add connectivity to Exxon’s terminal in Wink, Tex.
- MMP expects to spend $300M on the project, with the expanded capacity available by mid-2020, subject to receipt of necessary permits and approvals.