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Released July 31, 2018 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
Magellan Midstream to Further Expand Texas Refined Products Pipeline System - Magellan Midstream Partners, L.P. (NYSE:MMP) announced an additional expansion of the western leg of its refined petroleum products pipeline system in Texas. Magellan had previously announced its plans to expand the capacity of this line segment to approximately 150,000 barrels per day (BBL/d) from its current capacity of 100,000 BBL/d. Based on additional committed volume received as part of its recent supplemental open season, the partnership now plans to expand this pipe capacity to 175,000 BBL/d. (PR Newswire)
Keystone XL Route Gets Positive Environmental Review - TransCanada Corporation's (NSYE:TRP) proposed Keystone XL oil pipeline won a relatively positive review from the U.S. State Department, which found that the conduit's approved route would have no significant environmental impacts. The alternate route that Nebraska regulators approved for the line would have minor to moderate effects on three of the eight environmental categories the department assessed, with minor impacts on three others and a negligible effect on one, according to a review released Monday. (Project 34000908) (Fuel Fix)
Hilcorp to Acquire San Juan Assets from Williams - An affiliate of Hilcorp Energy will pay more than $1.1 billion to acquire the San Juan Basin gas pipeline and processing facilities in New Mexico and Colorado from Oklahoma-based Williams Partners (NYSE:WPZ). (Fuel Fix)
REFINED PRODUCTS
U.S. Distillate Inventories Low for This Time of Year - Inventories of distillate fuel, a category that includes both diesel and home heating oil, were 117.7 million barrels at the end of June, the lowest end-of-June level since 2004. (EIA)
POWER
AEP Cancels Wind Catcher Windfarm - American Electric Power (NYSE:AEP) (AEP) is canceling the Wind Catcher windfarm project as a result of the Public Utility Commission of Texas' July 26 decision to deny approval of the project. The project had been approved by the Arkansas Public Service Commission, Louisiana Public Service Commission and Federal Energy Regulatory Commission. (Project 300374260). (PR Newswire)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
PIPELINES
Magellan Midstream to Further Expand Texas Refined Products Pipeline System - Magellan Midstream Partners, L.P. (NYSE:MMP) announced an additional expansion of the western leg of its refined petroleum products pipeline system in Texas. Magellan had previously announced its plans to expand the capacity of this line segment to approximately 150,000 barrels per day (BBL/d) from its current capacity of 100,000 BBL/d. Based on additional committed volume received as part of its recent supplemental open season, the partnership now plans to expand this pipe capacity to 175,000 BBL/d. (PR Newswire)
Keystone XL Route Gets Positive Environmental Review - TransCanada Corporation's (NSYE:TRP) proposed Keystone XL oil pipeline won a relatively positive review from the U.S. State Department, which found that the conduit's approved route would have no significant environmental impacts. The alternate route that Nebraska regulators approved for the line would have minor to moderate effects on three of the eight environmental categories the department assessed, with minor impacts on three others and a negligible effect on one, according to a review released Monday. (Project 34000908) (Fuel Fix)
Hilcorp to Acquire San Juan Assets from Williams - An affiliate of Hilcorp Energy will pay more than $1.1 billion to acquire the San Juan Basin gas pipeline and processing facilities in New Mexico and Colorado from Oklahoma-based Williams Partners (NYSE:WPZ). (Fuel Fix)
REFINED PRODUCTS
U.S. Distillate Inventories Low for This Time of Year - Inventories of distillate fuel, a category that includes both diesel and home heating oil, were 117.7 million barrels at the end of June, the lowest end-of-June level since 2004. (EIA)
POWER
AEP Cancels Wind Catcher Windfarm - American Electric Power (NYSE:AEP) (AEP) is canceling the Wind Catcher windfarm project as a result of the Public Utility Commission of Texas' July 26 decision to deny approval of the project. The project had been approved by the Arkansas Public Service Commission, Louisiana Public Service Commission and Federal Energy Regulatory Commission. (Project 300374260). (PR Newswire)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
