A pipeline connecting Platteville, Colorado to the crude oil storage hub in Cushing, Oklahoma is now operational. The Saddlehorn pipeline pushed its initial delivery into Cushing in late August.
The Saddlehorn oil pipeline is capable of transporting at least 190,000 barrels per day of crude oil from the Denver-Julesburg Basin.
Saddlehorn will own origin points at Carr and Platteville, where it has one million barrels of storage. The extension from Carr to Platteville is expected to be completed by the end of the year, according to a report in The Tulsa World.
Saddlehorn Pipeline Company LLC is owned in part by Tulsa-based Magellan Midstream Partners LP, which serves as operator for the crude oil pipeline system. Magellan owns 40 percent, Plains All American Pipeline LP owns 40 percent and Anadarko Petroleum Corp. owns the remaining 20 percent of Saddlehorn.