Plains All American Pipeline Announces Successful Open Season and Expansion of Delaware Basin to Cushing Pipeline System
July 18 2017 - 4:17PM
Business Wire
A subsidiary of Plains All American Pipeline, L.P. (NYSE: PAA)
today announced a successful conclusion to the open season for
additional capacity from the Delaware Basin to Cushing, OK. The
Partnership announced that it has received sufficient committed
volume from shippers to expand portions of its pipeline systems to
accommodate a volume increase of approximately 120,000 barrels per
day of movements from the Delaware Basin and Midland to Cushing,
OK.
The committed volume will move on a combination of new and
existing pipelines. The Partnership plans to extend its Sunrise
Pipeline system, which currently originates at Midland and connects
with Colorado City, by building approximately 180-miles of 24-inch
pipeline from Colorado City, TX to Wichita Falls, TX. The balance
of the capacity will be provided by a combination of spare capacity
and capacity enhancements to existing pipelines, which include
capacity expansions to our Delaware Basin system of up to 200,000
barrels per day.
“We are pleased to announce the Sunrise expansion project which
enhances the utilization of capacity in our existing system,”
commented Willie Chiang, US Chief Operating Officer for PAA. “This
expansion will allow us to meet shipper needs in a phased approach,
while building in capability for further expansions. The project
also enhances our integration by enabling additional volume
pull-through from our Permian Basin gathering assets, and provides
incremental supply optionality for pipelines that transport crude
oil from Cushing to end markets, including our Red River and
Diamond pipelines.”
The Pipeline system will deliver to Plains' and third-party
terminals in Cushing, OK. Subject to timely receipt of necessary
permits and regulatory approvals, the additional capacity is
expected to be operational in early to mid-2019.
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"), 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 4.7 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/20170718006380/en/
Plains All American Pipeline, L.P.Investors:Brett
Magill, 866-809-1291Manager, Investor RelationsorMedia:Brad
Leone, 866-809-1290Director, Communications
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