Magellan snaps up BP midstream package

Magellan Midstream Partners said it will buy crude oil storage and active petroleum pipelines from a BP unit for $289 million to increase its presence in Cushing, Oklahoma and Houston, Texas.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?