Energy Transfer Partners restores power to West Texas facility

|About: Energy Transfer Partners, L.P. (ETP)|By:, SA News Editor

Energy Transfer Partners (NYSE:ETP) says it is in the process of restarting operations after storms knocked out its Colorado City pumping station and storage facility and impacted its West Texas Gulf and Permian Express II pipelines.

The 400K bbl/day capacity BridgeTex pipeline, a joint venture between Magellan Midstream Partners (NYSE:MMP) and Plains All American Pipeline (NYSE:PAA) which moves crude oil from west Texas to Houston, reportedly also was shut.

News of the outages weakened WTI Midland differentials to trade as much as $9/bbl below benchmark U.S. crude futures on fears of even worse congestion in the region, according to Reuters.