Plains All American Pipeline indicates capacity on Basin Pipeline is prorated for December

Source: Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. (NYSE: PAA), today announced that its wholly owned subsidiary Plains Pipeline, L. P. (“Plains”) has received December nominations from its customers for crude oil transportation that exceed Plains’ capacity on Basin Pipeline. This has resulted in a proration to 86.35% of customer’s nominations.

Plains owns an approximate 87% undivided interest in and operates Basin Pipeline. The Basin Pipeline system is a 519-mile mainline crude oil system extending from the Permian Basin (in West Texas and Southern New Mexico) to Cushing, Okla. The system’s capacity ranges from 144,000 barrels per day to over 400,000 barrels per day depending on the segment. The pipeline segment extending from Colorado City, Texas to Cushing, Okla. is in the process of being expanded to 450,000 barrels per day, which is targeted to be completed in the second quarter of 2012.

PAA owns a network of approximately 16,000 miles of liquids pipelines, approximately 90 million barrels of liquids storage capacity and handles more than 3 million barrels of physical product on a daily basis.

For the most up to date and in-depth information on the oil & gas market visit PennEnergy's comprehensive Research area to access industry focused Reports.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs