Latest Cushing, Oklahoma Stories

2011-08-10 07:00:00

TULSA, Okla., Aug. 10, 2011 /PRNewswire/ -- Parnon Gathering, Inc., a wholly owned subsidiary of Parnon Holdings, Inc., announced today the construction of its crude oil pipeline in Central Oklahoma. The project includes laying approximately 109 miles of new 8 inch pipeline from Cherokee, Oklahoma to Cushing, Oklahoma and is designed to move 18,000 barrels per day of crude oil with an option to up rate to 35,000 barrels per day. The pipeline, to be named "Great Salt Plains Pipeline,"...

2011-02-14 08:09:00

TULSA, Okla., Feb. 14, 2011 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has acquired the remaining interest in a joint venture for the construction of 4.25 million barrels of crude oil storage in Cushing, Oklahoma from the private investors who had been partial owners. As a result, Magellan is increasing its 2011 expansion capital spending estimate to $215 million from its previous estimate of $170 million for the acquisition cost and the...

2010-07-13 07:30:00

TULSA, Okla., July 13 /PRNewswire-FirstCall/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it has agreed to acquire 7.8 million barrels of crude oil storage and more than 100 miles of active petroleum pipelines from BP Pipelines (North America), Inc. for $289 million. "This acquisition leverages Magellan's expertise in transporting and storing petroleum products by greatly expanding our crude oil logistics infrastructure and our energy footprint in the attractive...

Word of the Day
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.