Aug 02, 2002 |
PAA Completes Acquisition of West Texas Pipeline Assets from Shell |
(Houston – August 2, 2002) Plains All American Pipeline, L.P. (NYSE: PAA) announced today it had completed the acquisition of certain crude oil pipeline assets from Shell Pipeline Company LP (f.k.a. Equilon Pipeline Company LLC) and Equilon Enterprises LLC d.b.a. Shell Oil Products US. Primary assets included in the transaction were interests in: (i) the Basin Pipeline System, (ii) the Rancho Pipeline System, and (iii) the Permian Basin Gathering System. Plains All American Pipeline, L.P. is engaged in interstate and intrastate crude oil transportation, terminalling and storage, as well as crude oil gathering and marketing activities, primarily in Texas, California, Oklahoma, Louisiana and the Canadian Provinces of Alberta, Saskatchewan and Manitoba. The Partnership’s common units are traded on the New York Stock Exchange under the symbol “PAA.” The Partnership is headquartered in Houston, Texas. # # # |
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