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 Cushing, Oklahoma to
Longview, Texas. The open season process provides an opportunity for
potential shippers to offer long-term volume commitments for service
from Cushing to Longview in exchange for a discounted rate.
The proposed pipeline would originate at the Plains Cushing, Oklahoma
Terminal and provide an initial capacity of approximately 120,000
barrels per day of light sweet crude to Longview, Texas.
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 Laura Williams, Director Pipeline
Commercial Operations at 713-646-4245. The open season begins on June
23, 2015 and will end at 5 p.m. CT on July 23, 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 4.2 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150623006357/en/
Plains All American Pipeline, L.P.
Smith, (866) 809-1291
Director, Investor Relations
Leone, (866) 809-1290