January 18, 2017 - 9:11 AM EST
Print Email Article Font Down Font Up Charts

Plains All American Announces Plans to Expand Cactus Pipeline Capacity

Provides Additional Takeaway Capacity for Increasing Permian Basin Crude Oil Production

Plains All American Pipeline, L.P. (NYSE:PAA) announced today that it is expanding the capacity on its Cactus pipeline from McCamey to Gardendale, Texas to approximately 390,000 barrels per day. The expansion will allow PAA to move increasing production volumes from the Permian Basin to Corpus Christi and other delivery points along the system. The expansion includes manifold and metering enhancements at our origination station which are anticipated to be completed in the third quarter of 2017.

The Cactus pipeline is a 310-mile, 20-inch crude oil pipeline and is capable of transporting crude oil from the Permian Basin to the PAA/Enterprise Products Partners Eagle Ford Joint Venture (Eagle Ford JV) Pipeline. The Eagle Ford JV Pipeline has a capacity of 660,000 barrels per day and serves the Three Rivers and Corpus Christi markets directly and can supply the Houston-area market through a connection to the Enterprise South Texas Crude Oil Pipeline. Crude oil delivered on Cactus has access to the Eagle Ford JV barge dock facility in the Corpus Christi area as well as dock capacity at third party facilities in Corpus Christi and Ingleside via connections with the Eagle Ford JV pipeline.

Forward Looking Statements

Certain matters discussed in this release are forward-looking statements that involve risks and uncertainties that could cause actual results or outcomes to differ materially from results or outcomes anticipated in the forward-looking statements. These risks and uncertainties include, among other things, shortages, cost increases or delays in receipt of supplies, materials or labor; inability to obtain, delays in the receipt of, or other issues associated with necessary licenses, permits, approvals, consents, rights of way or other governmental or third party requirements; the impact of current and future laws, rulings, orders, governmental regulations, accounting standards and statements and related interpretations; weather interference with business operations or project construction, including the impact of extreme weather events or conditions; environmental liabilities, issues or events that result in construction delays or otherwise impact targeted in-service dates; interruptions in service on third-party pipelines or facilities; general economic, market or business conditions and the amplification of other risks caused by volatile financial markets, capital constraints and pervasive liquidity concerns; and other factors and uncertainties inherent in the transportation, storage, terminalling and marketing of crude oil and refined products as discussed in PAA's filings with the Securities and Exchange Commission.

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"), natural gas and refined products. 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 4.6 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.

Plains All American Pipeline, L.P.
Ryan Smith, 866-809-1291
Director, Investor Relations


Source: Business Wire (January 18, 2017 - 9:11 AM EST)

News by QuoteMedia
www.quotemedia.com

Legal Notice