The Saddlehorn Pipeline Company has announced plans to expand the pipeline and a new Ft. Laramie, Wyoming origin.
The pipeline, which is jointly owned by affiliates of Magellan Midstream Partners, Plains All American Pipeline and Western Midstream Partners, is currently capable of transporting 190,000 barrel per day of crude oil and condensate from the DJ and Powder River Basins to storage facilities in Cushing, Oklahoma owned by Magellan and Plains. Magellan is the operator of the pipeline.
The expansion will increase the pipeline’s capacity by up to 100,000 barrels per day, to a new total capacity of 290,000 barrels per day. The higher capacity is expected to be available in late 2020 following the addition of incremental pumping and storage capabilities. Saddlehorn will add the new Ft. Laramie origin by leasing capacity on third-party pipelines.
Saddlehorn has launched an open season to solicit long-term commitments for capacity on the pipeline system. Binding commitments must be submitted by July 31.