Tuesday, December 13, 2011

Plains All American converting Oklahoma LPG pipeline to crude service

HOUSTON, Texas - Plains All American Pipeline, L.P. (NYSE: PAA) on Dec. 8 announced it is converting an existing Oklahoma liquefied petroleum gas (LPG) pipeline into crude oil service.

The pipeline, which extends from Medford, Okla., to PAA's crude oil terminal facility in Cushing, Okla., will provide an initial crude oil throughput capacity of 12,000 barrels per day (b/d) by January 2012 and will be expanded to 25,000 /d by July 2012.

"Converting and expanding this pipeline provides timely take-away capacity for growing crude oil production in the Mississippian Lime formation in northern Oklahoma and southern Kansas," said Harry N. Pefanis, president and COO of Plains All American. "This project extends our commitment to service Mississippian producers and is one of a number of projects PAA is progressing to service the growing infrastructure needs in this area and multiple resource plays throughout North America."

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