Magellan Midstream Partners Company News

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Houston Oil Benchmark Responds to 2020 'Wake-Up Call'
Tuesday, June 22, 2021The new oil futures contract will trade under the symbol "HOU."

Magellan Midstream Cuts Stake in Texas Terminal
Friday, April 23, 2021Magellan Midstream has sold nearly one-half of its membership interest in MVP Terminalling.

Texas Oil Pipeline Operators Slash Fees As Demand Plunges
Tuesday, October 06, 2020US oil pipeline operators are slashing fees to encourage customers in Texas to keep using their networks to ship barrels to the Gulf Coast.

Noble Midstream, Greenfield Midstream Gain Saddlehorn Interest
Wednesday, February 05, 2020The interest acquired in the Saddlehorn Pipeline is for $155 million gross.

Permian Crude Buyers Gain Gulf Coast Loading Option
Thursday, August 15, 2019ICE and MMP will begin auctioning dock capacity at dock facilities in Galena Park and Seabrook, Texas.

New Pipeline Would Link Cushing to Houston, Possibly Corpus
Monday, November 05, 2018The proposed Voyager pipeline would extend nearly 500 miles and could be in service in late-2020.

Magellan Projects Permian Gulf Coast Pipeline Cost At $2B
Wednesday, September 05, 2018Magellan Midstream Partners LP projects it would spend about $2B to construct a proposed crude oil pipeline in the Permian.

Magellan Midstream Partners Profit Beats Expectations
Thursday, August 02, 2018Magellan Midstream Partners LP reports quarterly profit that topped analyst expectations.

Expanded West Texas Expansion Adds $200 Million to MMP's Project Cost
Monday, July 30, 2018The expanded western leg of MMP's Texas refined products pipeline system will boast a 175,000-bpd rather than 150,000-bpd capacity.

Oil Producers Want New Hearing on Impact of Magellan Proposal
Wednesday, January 17, 2018Oil and gas producers WPX Energy and Chevron have asked a U.S. regulator for a new hearing on the broad industry impact of Magellan Midstream Partners' request to launch a marketing arm.

Magellan Midstream Probes Big Texas Fuel Spill During Harvey Floods
Tuesday, September 12, 2017Magellan Midstream Partners says it was investigating the cause of a nearly 11,000-barrel gasoline spill from two above-ground fuel storage tanks at its Houston-area terminal.

Magellan to Expand Texas Refined Products System
Wednesday, September 06, 2017Magellan Midstream Partners plans to expand its refined products pipeline system to handle incremental demand.

Gasoline Slips as Gulf Coast Refiners Fire Up Shuttered Plants
Friday, September 01, 2017Motor fuel prices declined as traders assessed the supply implications of refinery restarts following hurricane-induced shutdowns.

Texas Oil Market With Spare Pipeline Space Shrugs Off Shutdown
Friday, July 14, 2017Oil markets shrugged off a spill that shut a pipeline crossing Texas, signaling no immediate shortage of space to haul crude from the region's prolific Permian Basin to Houston-area refineries.

Magellan Midstream Partners Pipeline Ruptures In Texas, Forcing Evacuations
Thursday, July 13, 2017A crude oil pipeline operated by Magellan Midstream Partners ruptured near Bastrop, Texas, on Thursday morning, spilling an estimated 1,200 barrels of oil.

US Oil Hub Works To Resume Normal Operations After 5.0 Earthquake
Monday, November 07, 2016US pipeline companies restart operations in Oklahoma after a 5.0-magnitude earthquake late on Sunday triggered safety shutdowns.

Magellan to Buy Pipelines from Plains All American
Friday, February 22, 2013Magellan Midstream announces it has agreed to acquire approximately 800 miles of pipeline from Plains All American Pipeline.

Shell Sells Pipeline Assets to Magellan Midstream Partners
Thursday, June 24, 2004Shell Oil Products US has signed a Purchase and Sale Agreement with Magellan Midstream Partners, L.P. for the sale of pipeline and storage assets located in Texas, Oklahoma, Kansas and Colorado.

Magellan Midstream Partners Prices Debt Offering
Thursday, May 20, 2004Magellan Midstream Partners has priced its previously announced public offering of senior notes.

Magellan Acquires 50% Ownership in Osage Pipeline
Wednesday, March 03, 2004Magellan Midstream Partners has acquired a 50 percent ownership in Osage Pipe Line Company, LLC, which owns the Osage pipeline, for $25 million.