Plains All American Pipeline, L.P. (NYSE: PAA)
today announced plans to construct two new Delaware Basin pipelines and
related gathering systems, to expand its existing Blacktip station and
to construct a 20" loop line from Blacktip station to Wink, Texas. These
new infrastructure builds in West Texas and New Mexico will support
PAA's previously announced 24" Basin Pipeline loop from Wink to Midland
and new 12" pipeline from Monahans to Crane. The new Delaware Basin
pipelines, Avalon Extension and State Line, are backed by producer
commitments.
The 32-mile, 12" Avalon Extension pipeline will extend the Avalon
pipeline, which runs from the PAA Avalon station in northwest Loving
County to its Blacktip station in southeast Loving County, Texas, into
Culberson County, Texas, and is capable of transporting up to 100,000
barrels per day (bpd) of crude oil from northern Loving and Culberson
Counties. The line and two new truck unloading facilities at Orla, Texas
and at Highway 285 are expected to be brought into service in phases
beginning in July 2015, with total system completion, including the
associated gathering system, scheduled for September 2015.
The 60-mile, 16" State Line pipeline will connect Culberson County to
Wink, Texas, running along the Texas-New Mexico state line. State Line
will connect Delaware Basin production in southern Eddy and Lea Counties
in New Mexico and northern Loving, Reeves and Culberson Counties in
Texas to the existing network of PAA Permian Basin assets. The pipeline
will be capable of transporting up to 150,000 bpd of batched crude oil
and condensate. State Line is expected to be brought into service in
phases beginning in early 2016 and concluding in mid-2016, with
completion of the associated gathering system anticipated by early 2016.
The Blacktip station expansion and pipeline loop will include building
200,000 barrels of new operational tankage and associated pumping to
provide an additional 200,000 bpd of pipeline capacity from the Blacktip
station to Wink. The Blacktip station expansion and loop pipeline are
expected to be completed in August 2015.
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 4.1 million barrels per day of crude oil and NGL on its
pipelines. PAA is headquartered in Houston, Texas.
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.
Investors:
Ryan
Smith, (866) 809-1291
Director, Investor Relations
Media:
Brad
Leone, (866) 809-1290
Director, Communications