One-Page Deal Sheet
Magellan Midstream Zips Up Deal for Rocky Mountain Pipeline
Magellan Midstream Partners Lp Plains All American Pipeline, L.P.
Announced Date
November 15,2013
Close Date
November 15,2013
Transaction Type
Asset
Location
Region
Williston Basin
Country
United States
State
Colorado
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Transaction Details: Require Private Equity Subscription
Magellan Midstream Partners, L.P. has closed on its acquisition of Rocky Mountain pipeline assets from Plains All American Pipeline, L.P.
The pipeline system includes approximately 550 miles of common carrier pipeline that distributes refined petroleum products in Colorado, South Dakota and Wyoming. The system includes 4 terminals with nearly 1.7 million barrels of storage.
Michael Mears, CEO, commented: "This Rocky Mountain pipeline system is a strategic fit with Magellan's existing asset footprint, leveraging our refined products expertise and existing customer relationships while…
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