Plains All American Announces Western Oklahoma Pipeline Extension
HOUSTON -- May 20, 2013
Plains All American Pipeline, L.P. (NYSE: PAA) today announced it is
constructing a 95-mile extension of its existing Oklahoma crude oil pipeline
system to service increasing production from the Granite Wash, Hogshooter and
Cleveland Sands producing areas in western Oklahoma and the Texas panhandle.
The new Western Oklahoma pipeline will provide up to 75,000 barrels per day of
new takeaway capacity from Reydon, Okla. in Roger Mills County to PAA’s
existing Orion station in Major County, Okla. At the Orion station, crude oil
will flow on PAA’s existing pipeline system to the PAA terminal in Cushing,
The new Western Oklahoma pipeline is supported by long-term producer
commitments and is expected to be in service by the end of the first quarter
Plains All American Pipeline, L.P. is a publicly traded master limited
partnership engaged in the transportation, storage, terminalling and marketing
of crude oil and refined products, as well as in the processing,
transportation, fractionation, storage and marketing of natural gas liquids.
Through its general partner interest and majority equity ownership position in
PAA Natural Gas Storage, L.P. (NYSE:PNG), PAA owns and operates natural gas
storage facilities. 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; 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 the Partnership’s
filings with the Securities and Exchange Commission.
Plains All American Pipeline, L.P.
Roy I. Lamoreaux, 713-646-4222 – 800-564-3036
Director, Investor Relations
Brad Leone, 713-646-4196 – 800-564-3036
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