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A wholly-owned subsidiary of Anadarko purchased a 20% equity interest in the Saddlehorn Pipeline Project
Magellan Midstream Partners (ticker: MMP) and Plains All American Pipeline (ticker: PAA) announced today that a wholly owned subsidiary of Anadarko Petroleum (ticker: APC) exercised its option to purchase a 20% equity interest in Saddlehorn Pipeline Company. MMP and PAA will each have 40%equity ownership in Saddlehorn, according to a company press release.

The pipeline was initially announced on February 27 when Magellan and Plains forme...

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