Houston-based co. plans new Permian-to-Gulf Coast pipeline, other investments

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Buckeye Partners LP (NYSE: BPL) is planning a new crude oil pipeline from the Permian Basin to Corpus Christi, Texas, as part of a series of potential Texas investments the Houston-based company is pursuing. The pipeline, which would be called South Texas Gateway, would deliver crude oil and condensate from Wink and Midland, Texas, to Buckeye Texas Partners LLC’s existing refining and export facilities in Corpus Christi. Buckeye plans to hold a binding open season for the pipeline in the third…