Plains All American Announces Plans to Expand Cactus Pipeline Capacity
January 18 2017 - 9:11AM
Business Wire
Provides Additional Takeaway Capacity for
Increasing Permian Basin Crude Oil Production
Plains All American Pipeline, L.P. (NYSE:PAA) announced today
that it is expanding the capacity on its Cactus pipeline from
McCamey to Gardendale, Texas to approximately 390,000 barrels per
day. The expansion will allow PAA to move increasing production
volumes from the Permian Basin to Corpus Christi and other delivery
points along the system. The expansion includes manifold and
metering enhancements at our origination station which are
anticipated to be completed in the third quarter of 2017.
The Cactus pipeline is a 310-mile, 20-inch crude oil pipeline
and is capable of transporting crude oil from the Permian Basin to
the PAA/Enterprise Products Partners Eagle Ford Joint Venture
(Eagle Ford JV) Pipeline. The Eagle Ford JV Pipeline has a capacity
of 660,000 barrels per day and serves the Three Rivers and Corpus
Christi markets directly and can supply the Houston-area market
through a connection to the Enterprise South Texas Crude Oil
Pipeline. Crude oil delivered on Cactus has access to the Eagle
Ford JV barge dock facility in the Corpus Christi area as well as
dock capacity at third party facilities in Corpus Christi and
Ingleside via connections with the Eagle Ford JV pipeline.
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. 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 4.6 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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version on businesswire.com: http://www.businesswire.com/news/home/20170118005744/en/
Plains All American Pipeline, L.P.Ryan Smith,
866-809-1291Director, Investor Relations
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