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Under the agreement, Bison will exclusively manage all of Marathon's produced water infrastructure, as well as any future acreage operated by Marathon within a 5.4 million acre dedicated area.
The company plans to spend $10 million on the project this year, and has contracts to start transporting 75,000 bbl/d for up to three years, Kinder Morgan CEO Steven Kean told investors.
The existing Medallion pipeline is a network of approximately 800 miles of 6-inch and larger crude oil pipeline in the Midland Basin.