Plains All American Pipeline Announces Open Season for Permian Basin to Corpus Christi Pipeline
December 13 2017 - 7:30AM
Business Wire
Potential to Add Up to 575,000 Barrels Per Day
of Permian Basin Pipeline Takeaway Capacity
A subsidiary of Plains All American Pipeline, L.P. (NYSE:PAA)
today announced it has received sufficient customer interest to
conduct a binding open season for committed crude oil
transportation from the Permian Basin to the Corpus
Christi/Ingleside area (the “Pipeline”). Origin points will be
Orla, Wink South, Midland, Crane and McCamey, TX. The open season
provides an opportunity for shippers to enter into transportation
services agreements providing for long-term crude oil
transportation on the Pipeline and committed tariff rates.
The Pipeline will include a combination of existing pipelines
and two new pipelines. The first new pipeline will extend from Wink
South to McCamey, TX, and the second pipeline will extend from
McCamey to the Corpus Christi/Ingleside area. Subject to receipt of
necessary permits and regulatory approvals, the Pipeline could be
operational in third-quarter 2019.
Additional information is contained in a Notice of Open Season
that is posted on our website at
https://www.plainsallamerican.com/customer-center/pipeline-tariffs/open-seasons.
Interested parties should contact Kevin Snodgrass at
713-646-4616. As described in the Notice of Open Season, interested
entities must sign a confidentiality agreement before receiving the
open season documents. The open season begins on December 13, 2017
and will end at 12 p.m. CT on January 12, 2018.
Forward Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in PAA’s Annual Report on Form 10-K
and other documents filed from time to time with the Securities and
Exchange Commission. PAA undertakes no obligation to update or
revise any forward-looking statement to reflect new information or
events.
Plains All American Pipeline, L.P. is a publicly traded master
limited partnership that owns and operates midstream energy
infrastructure and provides logistics services for crude oil,
natural gas liquids ("NGL"), and natural gas. PAA owns an extensive
network of pipeline transportation, terminalling, storage and
gathering assets in key crude oil and NGL producing basins and
transportation corridors and at major market hubs in the United
States and Canada. On average, PAA handles over 5 million barrels
per day of crude oil and NGL in its Transportation segment. PAA is
headquartered in Houston, Texas. More information is available at
www.plainsallamerican.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171213005551/en/
Plains All American Pipeline, L.P.Brett Magill,
866-809-1291Manager, Investor Relations
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