Magellan Midstream Partners LP believes a proposed Midland origin point will attract sufficient commitments from shippers to proceed with a long-haul crude pipeline from the U.S. oil storage hub in Cushing, Oklahoma, to Houston, Chief Executive Michael Mears said on Wednesday. The Houston pipeline operator decided not to pursue its Permian Gulf Coast pipeline project in March after it was unable to obtain enough commitments to proceed, but it has received “significant” market feedback its Midland origin would be attractive, Mears told investors in a conference call. “We’re fairly optimistic the combined interest between Cushing and Midland will lead to sufficient commitments to proceed, which is what we were unable to obtain from PGC just out of Midland only,” Mears said. The pipeline extension added two months to the Voyager pipeline’s open season, which could draw shippers to a system with an initial capacity of at least […]