Comprehensive Energy Data Intelligence
Information About Energy Companies, Their Assets, Market Deals, Industry Documents and More...
Magellan Reported Volume Changes on Its LongHorn and BridgeTex Pipelines
08/15/2022.png)
According to a July 28 report, Magellan Midstream Partners LP marked that the volumes in the last quarter on the Longhorn and BridgeTex pipelines that carry crude from the Permian Basin to Houston dropped dramatically since shippers likely exported barrels, meanwhile, refined product volumes grew on pandemic demand recovery.
After the outbreak of the conflict in Ukraine, Europe's request for barrels increased and shippers on the long-haul crude oil lines took volumes elsewhere, likely to be exported from the main port for oil exports – Corpus Christi, Texas, which is the largest U.S. crude export port.
Being an example of potential decisions that U.S. shippers could be making the moves are expected to be temporary. Shippers that did not fulfill their obligations would still have income which is known as deficiency payments, which are actually penalties for not transporting oil.
Volumes on the 450-mile (724-km) Magellan’s wholly-owned Longhorn crude oil pipeline from West Texas to Houston averaged approximately 200,000 bbl/d in the three months ended June 30 in contrast with 260,000 bbl/d in the same period the year before.
A joint venture, the BridgeTex crude pipeline from the Permian to Magellan’s East Houston terminal dropped to 215,000 bbl/d from virtually 315,000 bbl/d in the year-ago period.
The Tulsa, Okla.-based company expects relatively flat volumes for a few years on the Longhorn and the Bridgetex crude pipelines.
Meanwhile, on the Saddlehorn pipeline in Colorado, another joint venture, volumes were almost the same, and levels on the company’s South Texas systems rose.
However, volumes on the most prominent common carrier refined products pipeline system in the U.S. increased 3% partly because of pandemic demand recovery.
Income from oil storage plunged as a steeply risen-in-price market made holding barrels less attractive and following contract expirations while operating expenses grew $28 million.
Magellan is an important owner of tanks at the Cushing, Okla., storage hub, where levels have held almost above the operational lows of 20 million barrels in recent weeks. Magellan has a 9,800-mile refined products pipeline system with 54 connected terminals and two marine storage terminals (one of which is owned through a joint venture). Moreover, it owns about 2,200 miles of crude oil pipelines, a condensate splitter and storage facilities with an aggregate storage capacity of about 39 million barrels, of which 29 million are used for contract storage. Approximately 1,000 miles of these pipelines, the condensate splitter and 31 million barrels of this storage capacity (including 25 million barrels used for contract storage) are wholly-owned, and the remainder is owned through joint ventures.
If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.
Corpus Christi and its O&G Infrastructure
![$data['article']['post_image_alt']](https://images2.rextag.com/public/HEMDS_SiteSupportFiles/BlogImages/Corp_Christi_LNG_Map.png)
Export Opportunities For Permian’s and Takeaway Problem
BridgeTex Pipeline is expanding
![$data['article']['post_image_alt']](https://images2.rextag.com/public/HEMDS_SiteSupportFiles/BlogImages/Bridgetex_Pipe_Map.png)
From Colorado City to Houston, TX to approximately 400,000 barrels per day.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/326_Blog_USA Estimated Annual Rail CO2 Emissions 2035.jpg)
Shell overturned a landmark court order demanding it cut emissions by nearly half. Is this a victory for Big Oil or just a delay in the climate accountability movement?
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/325_Blog_ Expand Energy's Operations (formerly Chesapeake) .jpg)
Before it was Expand Energy, the largest natural gas-weighted exploration and production company in the U.S., it was Chesapeake Energy. This company faced and survived nearly every extreme the energy industry could throw, including bankruptcy. With its recent $7.4 billion merger with Southwestern Energy, Expand Energy has achieved a new milestone: it’s the largest natural gas producer in the U.S., powered by substantial reserves and resources across crucial shale regions.
![$data['article']['post_image_alt']](https://images2.rextag.com/public/blog/324_Blog_Gulf Oil Operators Chevron, BP, Equinor, Shell Brace as Tropical Storm Rafael Threatens Production.jpg){kind=icon}
Oil companies across the Gulf of Mexico are springing into action as Tropical Storm Rafael bears down, marking yet another disruption in a storm-laden season. BP, Chevron, Equinor, and Shell are evacuating offshore staff and preparing for potential impacts on their platforms, an all-too-familiar ritual for Gulf operators this year.