Current MMP Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

New Ft. Laramie origin point announced, open season launched
Saddlehorn Pipeline Company, owned in part and operated by Magellan Midstream (stock ticker: MMP), is planning to expand its Saddlehorn pipeline to a new origin point in Fort Laramie, Wyoming, which would subsequently increase the system’s capacity by up to 100,000 BOPD.

Other stakeholders in the jointly-owned pipeline include Plains All American Pipeline (stock ticker: PAA) and Western Midstream Partners (stock ticker: WES). Currently, Saddlehorn transports 190,000 BOPD of crude and condensate from the DJ and Powder River Basins to storage facilities owned by Magellan and Plains All American in Cushing, Oklahoma.

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