Saddlehorn Pipeline begins open season for additional pipeline commitments

Saddlehorn Pipeline Co. LLC has launched a supplemental open season to seek additional transportation commitments for the Saddlehorn pipeline, according to Magellan Midstream Partners LP (NYSE: MMP), Plains All American Pipeline LP (NYSE: PAA), and Anadarko Petroleum Corp. (NYSE: APC). Interested customers must submit binding commitments by 5 p.m. Central Time on Jan. 7, 2016.

The Saddlehorn pipeline, which is currently under construction, will be capable of transporting at least 190,000 barrels per day of crude oil from the Denver-Julesburg Basin, and potentially the broader Rocky Mountain area resource plays, to storage facilities in Cushing, Oklahoma, owned by Magellan and Plains. The pipeline's Platteville, Colorado, origin and Cushing destination will each include one million barrels of storage. The pipeline is also being extended from Platteville to Carr, Colorado.

The Platteville-to-Cushing segment of the pipeline is expected to be operational during mid-2016, and the Carr-to-Platteville segment is expected to be operational in the fourth quarter of 2016.

Saddlehorn has already received binding commitments from a wholly owned subsidiary of Anadarko and from Noble Energy Inc.

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