Magellan acquires Kansas, Texas terminals
Jan 3, 2006 1:09 PM
Magellan Midstream Partners LP, Tulsa OK, has acquired two refined petroleum products terminals, one in Kansas and the other in Texas. Both are equipped with truck loading racks.
The terminals, equipped with truck loading racks, are connected to the company's 8,500-mile petroleum products pipeline system.
The terminals include 0.4-million barrels of combined usable storage capacity and are located in Wichita KS and Aledo TX near Ft Worth. Both were acquired from privately-held companies.
With the addition of the newly-acquired terminals, the pipeline system now includes 45 terminals and total usable storage capacity of almost 27 million barrels.
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