(Houston - June 27, 2008) Rocky Mountain Pipeline System LLC ("RMPS"), an indirect subsidiary of Plains All American Pipeline, L.P. (NYSE:PAA), announced today that it has received a long-term customer commitment to transport Southwest Wyoming Sweet (also known as "U-crude") production from RMPS's facilities at Wamsutter, Wyoming to its facilities at Ft. Laramie, Wyoming. As a result, RMPS plans to reverse its Wamsutter pipeline, which currently transports Rocky Mountain Sweet crude oil from Ft. Laramie to Wamsutter. Completion of the pipeline reversal is expected in the first quarter of 2009.
Drilling activity in the Rocky Mountain region supports potential increases in U-crude production. As a result, producers and shippers have requested transportation alternatives for these volumes. In response to these requests, the Wamsutter to Ft. Laramie reversal will provide shippers delivering U-crude production to RMPS's Wamsutter facilities a pipeline solution for transporting these volumes east to Ft. Laramie, Wyoming or west to Salt Lake City, Utah, as dictated by refining demand.
Customers interested in learning more about the reversal may contact Gregg Werger, Manager – Pipeline Commercial Operations at (303) 572-4906 or gawerger@paalp.com.
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 50% ownership in PAA/Vulcan Gas Storage, LLC, the Partnership is also engaged in the development and operation of natural gas storage facilities. The Partnership is headquartered in Houston, Texas.
Forward Looking Statements
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially from results anticipated in the forward-looking statements. These risks and uncertainties include, among other things: shortages or cost increases of power supplies, materials or labor; weather interference with business operations or project construction; the availability of adequate third party production volumes for transportation and marketing in the areas in which we operate and other factors that could cause declines in volumes shipped on our pipelines by us and third party shippers, such as declines in production from existing oil and gas reserves or failure to develop additional oil and gas reserves; and other factors and uncertainties inherent in the transportation, storage, terminalling, and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum products discussed in the Partnership's filings with the Securities and Exchange Commission.
Plains All American Pipeline, L.P.
Roy Lamoreaux, 713-646-4222 or 800-564-3036
Manager, Investor Relations
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