Magellan Midstream Advises Operational Impact of Hurricane Harvey – iCrowdNewswire
 
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Sep 4, 2017 9:20 AM ET

Magellan Midstream Advises Operational Impact of Hurricane Harvey

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iCrowdNewswire - Sep 4, 2017

Restarts Refined Products Pipeline Service to Dallas, Expects Crude Oil Pipelines to Commence Service over Weekend

TULSA, Okla. — Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that significant progress has been made at its facilities in Houston and Corpus Christi, Texas following the impact of Hurricane Harvey, with no significant asset damage found.

First and foremost, Magellan has over 200 employees that work at the partnership’s Houston and Corpus Christifacilities, and we are pleased to report that all employees and their families impacted by this storm are safe.

 

Following the record rainfall in the Houston area, Magellan employees and contractors have been working around the clock to remove floodwater, assess electrical service and inspect all assets to evaluate their integrity.

Refined products pipeline service has now resumed at the partnership’s East Houston terminal to deliver gasoline, diesel fuel and jet fuel to the Dallas and West Texas areas. Until those markets can be adequately resupplied, Magellan will continue to deliver refined products from its reversed pipeline segment that provides transportation services from Oklahoma refineries into the Dallas / Ft. Worth and West Texas markets.

Inspections continue for the partnership’s crude oil pipelines, including Longhorn and BridgeTex, with operations currently expected to resume over the weekend once these assessments are complete.

Clean-up work and inspections continue at the partnership’s Galena Park marine facility, but a restart timetable is not yet available.

Concerning Corpus Christi, storage and distribution services have commenced at this facility. The partnership currently expects to restart its condensate splitter mid-next week following a thorough review of all electronic devices that is currently underway.

“We are thankful for our dedicated workforce who have worked tirelessly to evaluate the integrity of our assets and restart operation of our assets in a safe and timely manner, all while many endure personal hardships from this recent storm,” said Michael Mears, chief executive officer.

About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. The partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store approximately 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.

Portions of this document constitute forward-looking statements as defined by federal law. Although management believes any such statements are based on reasonable assumptions, actual outcomes may be materially different. Additional information about issues that could lead to material changes in performance is contained in the partnership’s filings with the Securities and Exchange Commission. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, especially those under the heading “Risk Factors.”

 

Contact:

Investors:

Media:

 

Paula Farrell

Bruce Heine

 

(918) 574-7650

(918) 574-7010

 

[email protected]

[email protected]                 

 

SOURCE Magellan Midstream Partners, L.P.

Related Links

http://www.magellanlp.com

Contact Information:

Paula Farrell
Bruce Heine

(918) 574-7650
(918) 574-7010

[email protected]
br[email protected]

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