Plains Pipeline, L.P. ("Plains"), a subsidiary of 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 Baker, Montana to
Billings, Montana. The open season process provides an opportunity for
potential shippers to offer long-term volume commitments for service
from Baker, Montana to Billings, Montana or from Baker, Montana to
Casper, Wyoming in exchange for a discounted rate.
The proposed pipeline would originate at Plains' Baker, Montana station
and provide an initial capacity of at least 50,000 barrels per day of
light sweet crude oil to Billings, Montana. From the Billings station,
shippers will have the option to transport volumes on Plains' jointly
owned Beartooth/Bighorn system, which provides service to Casper and
Guernsey/Ft. Laramie, Wyoming. Further, shippers will have the option to
transport volumes from Casper to the Salt Lake City market via Plains'
jointly owned Frontier and Wahsatch pipelines.
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 Gregg Werger, Manager – Pipeline
Commercial Operations at (307) 472-9908. The open season begins on March
15, 2012 and will end at 5:00 P.M. Mountain Time on May 15, 2012.
Plains All American Pipeline, L.P. is a publicly-traded master limited
partnership engaged in the transportation, storage, terminalling and
marketing of crude oil, refined products and liquefied petroleum gas and
other natural gas-related petroleum products. Through its general
partner interest and majority equity ownership position in PAA Natural
Gas Storage, L.P. (NYSE: PNG), PAA also develops and operates natural
gas storage facilities. PAA is headquartered in Houston, Texas.
Plains All American Pipeline, L.P.
Roy Lamoreaux,
713/646-4222 – 800/564-3036
Director, Investor Relations