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