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Plains All American Pipeline, L.p. Enters Into Agreement To Acquire 50% Interest In Bridgetex Pipeline Company From Occidental Petroleum Corporation - Yahoo Finance

Given recent and projected increases in Permian Basin production, we believe that BridgeTex will play an important role in providing needed takeaway capacity out of the Permian Basin, will provide additional flexibility for our customers and will expand PAAs market access to the Gulf Coast. Upon achieving full operating capability, we anticipate PAAs share of annualized EBITDA from BridgeTex LLC will range between $100 and $105 million. At that level, we kim kardashian wedding expect the transaction to be approximately 1.5% accretive to PAAs targeted 2015 distribution http://noncownosa.livejournal.com per unit and 5% accretive to PAGPs corresponding distribution per share for http://marquisokmo.crowdvine.com 2015. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), natural gas and refined products. http://acmycaisru1.jimdo.com PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles over 3.9 million barrels per day of crude oil and NGL on its pipelines. PAA is headquartered in Houston, Texas. Plains GP Holdings is a publicly traded entity that owns an interest in the general partner and incentive distribution rights of Plains All American Pipeline, L.P., one of the largest energy infrastructure and logistics companies in North America.
Source: http://finance.yahoo.com/news/plains-american-pipeline-l-p-112800293.html

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