Plains All American Pipeline Announces Plans to Expand Cactus Pipeline Takeaway Capacity
25 November 2014 - 8:30AM
Business Wire
Plains All American Pipeline, L.P. (NYSE: PAA) today announced
plans to provide additional pumps to increase the takeaway capacity
of the Cactus Pipeline in response to higher regional production
forecasts and shipper demand. Installation of booster stations
along the pipeline, which runs from McCamey to Gardendale (La Salle
County), Texas, will result in an increase in throughput from
approximately 250,000 barrels per day (bpd) to approximately
330,000 bpd.
This expansion, in conjunction with the previously announced
Eagle Ford Joint Venture Pipeline expansion, will allow PAA to move
increased production volumes from the Permian Basin to Corpus
Christi and other delivery points along the system. The Cactus
Pipeline is expected to be in service in April 2015; the expansion
will be completed in the fourth quarter of 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 3.9 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) 809-1291Director, Investor RelationsorMedia:Brad
Leone, (866) 809-1290Director, Communications
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