BridgeTex Pipeline Co. LLC, owned 50/50 by Magellan Midstream Partners LP (NYSE: MMP) and Plains All American Pipeline LP (NYSE: PAA), has extended its open season to assess additional customer interest in a new origin in Grimes County, Texas, for the BridgeTex pipeline to accept Eaglebine crude oil and condensate shipments. Binding commitments are now due by 5 p.m. Central Time on Feb. 15.
The new origin, to be located approximately 100 miles northwest of Houston, is expected to be operational in mid-2017.
The BridgeTex pipeline currently has a capacity of 300,000 barrels per day (b/d) to deliver Permian Basin crude oil from Colorado City, Texas to the Houston Gulf Coast area. If warranted by customer demand, BridgeTex will expand the capacity of the pipeline system by approximately 35,000 b/d to provide transportation services from the new Grimes County origin to the Houston Gulf Coast area.