PAA completes acquisition of interest in BridgeTex Pipeline from OXY

Plains All American Pipeline LP

Plains All American Pipeline LP (NYSE: PAA) has completed its acquisition from Occidental Petroleum Corp. of Occidental’s 50% interest in BridgeTex Pipeline Co. LLC.

Plains All American Pipeline 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, terminaling, storage, and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the US and Canada. On average, PAA handles over 3.9 million barrels per day of crude oil and NGL on its pipelines.

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