One-Page Deal Sheet
Magellan Wraps Up Acquisition of Permian Pipeline
Magellan Midstream Partners Lp Plains All American Pipeline, L.P.
Announced Date
February 22,2013
Close Date
July 01,2013
Transaction Type
Asset
Location
Region
Williston Basin,Permian - Delaware Basin
Country
United States
State
Texas
Play
Transaction Details: Require Private Equity Subscription
Closing Announcement of New Mexico Pipeline System - July 1, 2013
Magellan Midstream Partners LP has closed on its previously-announced acquisition of pipeline assets in Texas and New Mexico from Plains All American Pipeline L.P.
The pipeline system includes approximately 250 miles of common carrier pipeline that transports refined petroleum products from El Paso, Texas, delivering products north to Albuquerque, New Mexico and transporting products south to the U.S.-Mexico border for delivery within Mexico via a third-party pipeline.
Michael Mears, CEO of Magellan, commented: "This pipeline…