plains all amer pipeline lp (PAA) Key Developments
Plains All American Pipeline, L.P. Declares an Annualized Distribution, Payable on May 15, 2015
May 5 15
Plains All American Pipeline, L.P. declared an annualized distribution of $2.74 payable on May 15, 2015 to unitholders of record as of May 1, 2015. The company will pay a quarterly distribution of $0.222 per Class A share, or $0.888 per share on an annualized basis. Such distributions represent an 8.7% and 30.2% increase over comparative distributions paid in the same quarter of 2014, respectively.
Plains All American Pipeline, L.P. Enters Joint Venture with Delek Logistics Partners, LP to Build Caddo Pipeline
Mar 23 15
Plains All American Pipeline, L.P. announced the formation of Caddo Pipeline LLC, a 50/50 joint venture with Delek Logistics Partners, LP to develop the Caddo Pipeline, an 80-mile, 12-inch pipeline between Longview, Texas, and Shreveport, La. The Caddo Pipeline will originate at the Plains Atlas Terminal in Longview and will have the capacity to move up to 80,000 barrels of domestic crude oil per day to supply refineries in the Shreveport area and Delek Logistics’ pipeline system supplying Delek US Holdings’ El Dorado, Ark. refinery. Under the agreement, PAA will construct and operate the Caddo Pipeline. The total project investment is expected to be approximately $100 million; the pipeline is supported by long-term shipper commitments and is expected to be completed in mid-2016.
Plains All American Pipeline, L.P. Presents at 6th Annual Energy Fundamentals Forum: Crude Oi, Apr-13-2015
Mar 6 15
Plains All American Pipeline, L.P. Presents at 6th Annual Energy Fundamentals Forum: Crude Oi, Apr-13-2015 . Venue: Hyatt Regency Houston, 1200 Louisiana Street, Houston, TX 77002, United States.
Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P. Forms Saddlehorn Pipeline Company
Mar 4 15
Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P. announced that they have formed Saddlehorn Pipeline Company, a 50/50 limited liability company, to construct, own and operate the Saddlehorn pipeline, an approximately 550-mile pipeline that will transport various grades of crude oil from the DJ Basin, and potentially the broader Rocky Mountain area resource plays, to storage facilities in Cushing, OK owned by Magellan and Plains. An extension to Carr, CO is also under consideration for connection to existing crude oil assets owned by Plains in that region. The project is currently estimated to cost between $800 million and $850 million. Magellan will serve as construction manager and pipeline operator. Subject to receipt of necessary permits and regulatory approvals, the Saddlehorn pipeline is expected to be operational during mid-2016.
Plains All American Pipeline Seeks Acquisitions
Mar 2 15
Plains All American Pipeline, L.P. (NYSE:PAA) is looking for acquisition opportunities. Greg Armstrong, Chief Executive Officer of Plains All American Pipeline said, "We think acquisitions will come back into play, and we're certainly anxious to continue to do that. We have a lot of candidates. There are none I'd like to name, but a lot I'd like to own."