Plains All American Pipeline, L.P. (NYSE: PAA) today announced it is constructing approximately 45 miles of new crude oil pipeline that will complement its existing Mississippian Lime pipelines and will further service growing production in the Mississippian Lime resource play. The pipeline is expected to be brought into service in the first quarter of 2014.
This project will extend PAA's pipeline infrastructure into Logan County, Okla. and farther into Grant County, Okla., and will deliver crude oil to PAA's terminal in Cushing, Okla. The project includes the construction of 150,000 barrels of new tankage along the system and is supported by a long-term acreage dedication and a storage lease at PAA's Cushing terminal from an area producer.
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.