Plains All American and Delek Logistics Announce Open Season for Proposed Caddo Crude Oil Pipeline from Longview to Shreveport
June 23 2015 - 6:30PM
Business Wire
Plains All American Pipeline, L.P. (NYSE: PAA) and Delek
Logistics Partners, LP (NYSE: DKL) announced today that Caddo
Pipeline, LLC is conducting an open season for committed capacity
on a proposed new crude oil pipeline from Longview, Texas to
Shreveport, Louisiana. Caddo Pipeline LLC is a 50/50 joint venture
between PAA and Delek Logistics. The open season process provides
an opportunity for potential shippers to make long-term volume
commitments for service from Longview to Shreveport in exchange for
a discounted rate.
The proposed pipeline would originate at the Plains Longview,
Texas Terminal and provide an initial capacity of approximately
80,000 barrels per day of light sweet crude to refineries in the
Shreveport, Louisiana area and Delek Logistics’ pipeline system
supplying Delek US Holdings’ (NYSE: DK) El Dorado, Arkansas
refinery.
By submitting a binding proposal by signing a throughput and
deficiency agreement presented to those executing a confidentiality
agreement with Caddo, 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, Plains, at 713-646-4245.
The open season begins on June 23, 2015 and will end at 5 p.m. CT
on July 23, 2015.
About Plains All American Pipeline,
L.P.
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.
About Delek Logistics Partners,
LP
Delek Logistics Partners, LP, headquartered in Brentwood,
Tennessee, was formed by Delek US Holdings, Inc. (NYSE: DK) to own,
operate, acquire and construct crude oil and refined products
logistics and marketing assets.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150623006537/en/
PAA Contacts:Investors:Ryan
Smith, (866) 809-1291Director, Investor
RelationsorMedia:Brad Leone, (866) 809-1290Director,
CommunicationsorDelek Logistics
Contacts:Investors/Media:Keith Johnson,
615-435-1366Vice President of Investor RelationsDelek Logistics
Partners, LPorChris Hodges, 312-445-2870Founder & CEOAlpha IR
Group
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