Pipeline operator Magellan Midstream Partners L.P. MMP announced its intention to construct a new refined products pipeline in South Texas in association with Transmontaigne Partners L.P. TLP. The project, if materialized, will involve the construction of an approximately 150 mile, 16-inch diameter pipeline to carry gasoline, diesel fuel, propane and condensate. The pipeline is likely to have a transportation capacity of 150,000 barrels per day (bpd). The capacity could further be increased to 250,000 bpd in case of higher demand.The proposed project is expected to carry oil of different grades from Magellan's Corpus Christi, TX terminal to TransMontaigne's Brownsville, TX terminal. The pipeline will be designed to meet market demand in Brownsville and other South Texas markets or to be ultimately delivered to Mexico via truck, rail or connections to pipelines owned by TransMontaigne and third parties.The pipeline is expected to come online by the end of 2016; subject to sufficient customer demand, necessary permits and regulatory approvals.Tulsa, OK-based Magellan Midstream is a master limited partnership (MLP) that primarily transports, stores, and distributes refined petroleum products and, to a lesser extent, ammonia. Magellan owns an attractive portfolio of energy infrastructure assets that generate stable and recurring fee- and tariff-based revenues.Magellan Midstream plans to release its quarterly results on May 3, 2016. The Zacks Consensus Estimate for the first quarter is 80 cents per share. Last quarter, the partnership had reported earnings per share of 86 cents, missing the Zacks Consensus Estimate of 88 cents. Currently, Magellan Midstream carries a Zacks Rank #3 (Hold).Some better-ranked players from the oil and gas production and pipeline industry include PBF Logistics LP PBFX and Spectra Energy Partners, LP SEP. Both these stocks hold a Zacks Rank #2 (Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MAGELLAN MDSTRM (MMP): Free Stock Analysis Report SPECTRA EGY PTR (SEP): Free Stock Analysis Report PBF LOGISTICS (PBFX): Free Stock Analysis Report TRANSMONTN PTNR (TLP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research