Tulsa-Based Magellan Plans $65m Boost for Texas Pipeline System

Summary


Magellan Midstream Partners will increase capacity at its Dallas and Houston terminals under a $65 million Texas pipeline system expansion.

"The Texas market's huge," said M. Jake Dollarhide, chief executive of Longbow Asset Management Co. of Tulsa. "Expanding the Dallas terminals should pay off handsomely for the companies."

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Extract


Tulsa-Based Magellan Plans $65m Boost for Texas Pipeline System

The Tulsa-based refined products transporter intends to add a 16- inch diameter pipeline to loop with its 12-i...

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