Saddlehorn Pipeline Seeks Additional Transportation Deals

February 2016

Magellan Midstream Partners LP, Plains All American Pipeline LP and Anadarko Petroleum Corp. announced that Saddlehorn Pipeline Co. LLC has launched a supplemental open season to seek additional transportation commitments for the Saddlehorn pipeline. Interested customers must submit binding commitments by 5:00 p.m. Central Time on Jan. 7, 2016.

The Saddlehorn pipeline, which is currently under construction, will be capable of transporting at least 190,000 bpd of crude oil from the DJ Basin, and potentially the broader Rocky Mountain area resource plays, to storage facilities in Cushing, OK owned by Magellan and Plains. The pipeline’s Platteville, CO origin and Cushing destination will each include one million barrels of storage. The pipeline is also being extended from Platteville to Carr, CO.

The Platteville-to-Cushing segment of the pipeline is expected to be operational during mid-2016, and the Carr-to-Platteville segment is expected to be operational in the fourth quarter of 2016.

As previously announced, Saddlehorn has already received binding commitments from a wholly owned subsidiary of Anadarko and from Noble Energy Inc.

For customer inquiries or additional information about the open season, please contact Christina Payne of Magellan at (918) 574-7881 or christina.payne@magellanlp.com.