Plains All American Pipeline, L.P. Announces Open Season for Proposed Cushing to Longview Crude Oil Pipeline
June 23 2015 - 4:05PM
Business Wire
Plains All American Pipeline, L.P. (NYSE: PAA) announced today
that it is conducting an open season for committed capacity on a
proposed new crude oil pipeline from Cushing, Oklahoma to Longview,
Texas. The open season process provides an opportunity for
potential shippers to offer long-term volume commitments for
service from Cushing to Longview in exchange for a discounted
rate.
The proposed pipeline would originate at the Plains Cushing,
Oklahoma Terminal and provide an initial capacity of approximately
120,000 barrels per day of light sweet crude to Longview,
Texas.
By submitting a binding proposal, bidders are offering to enter
into a long-term throughput and deficiency agreement for pipeline
capacity. Interested parties should contact Laura Williams,
Director Pipeline Commercial Operations at 713-646-4245. The open
season begins on June 23, 2015 and will end at 5 p.m. CT on July
23, 2015.
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 4.2 million
barrels per day of crude oil and NGL on its pipelines. PAA is
headquartered in Houston, Texas.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150623006357/en/
Plains All American Pipeline, L.P.Investors:Ryan Smith,
(866) 809-1291Director, Investor RelationsorMedia:Brad
Leone, (866) 809-1290Director, Communications
Plains All American Pipe... (NYSE:PAA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Plains All American Pipe... (NYSE:PAA)
Historical Stock Chart
From Sep 2023 to Sep 2024