A subsidiary of Plains All American Pipeline, L.P. (NYSE: PAA)
today announced that it is conducting an open season for committed crude
oil pipeline capacity from the Delaware Basin to Cushing, OK (the
"Pipeline"). The Pipeline will originate at Conan Station in Loving
County, Texas. Depending on the results of the open season, committed
volumes will move on a combination of new and existing pipelines. The
open season provides an opportunity for potential shippers to offer
long-term volume commitments in exchange for firm transportation on the
The Pipeline will deliver to Plains' and third party terminals in
Cushing, OK. Subject to sufficient commitments from shippers and receipt
of any necessary permits and regulatory approvals, the Pipeline could be
operational in mid-2019.
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 Kevin Snodgrass at KTSnodgrass@paalp.com.
Potential shippers must sign confidentiality agreements before receiving
the open season documents. The open season begins on June 16, 2017 and
will end at 5 p.m. CT on July 17, 2017.
Forward Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other factors
that are difficult to predict and many of which are beyond management's
control. An extensive list of factors that can affect future results are
discussed in PAA's Annual Report on Form 10-K and other documents filed
from time to time with the Securities and Exchange Commission. PAA
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.
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 4.7 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
Manager, Investor Relations