Magellan Midstream Plans $650 Million Expansion Capex for 2015, Still in Talks on Saddlehorn Pipeline

SUGAR LAND--February 9, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma) plans to spend $650 million this year on expansion capital projects, and an additional $100 million in 2016, according to executives with the crude oil and refined products pipeline and terminals company. But the fate of a proposed $1 billion pipeline to move crude from the Niobrara Shale in Colorado to Oklahoma is still under discussion. Magellan executives say they are in talks with a potential equity partner to spread out the cost of the project. Industrial Info is tracking 31 Magellan-related projects worth $1.35 billion.

Within this article: Planned capital expenditures by Magellan Midstream Partners, including details on major projects.

Additional companies: Anadarko Petroleum Corporation (NYSE:APC), Noble Energy Incorporated (NYSE:NBL)