Plains All American Pipeline LP said a rebound in oil demand and a corresponding jump in Permian Basin crude production bolstered its fourth quarter and full-year 2021 earnings, and the company expects continued momentum in the prolific region through this year and beyond. The Houston-based company’s management team told analysts that the Permian, where Plains…
Tag / Plains All American
SubscribePlains All American
Articles from Plains All American
Plains All American, Oryx Tie-Up Designed to Boost Permian Connectivity, Reliability
Focused on enhancing interconnectivity and efficiency, Permian Basin operators Plains All American Pipeline LP and Oryx Midstream Holdings LLC have agreed to merge in a transaction that would bring together 5,500 miles of oil and liquids pipeline systems. The joint venture (JV) would include all of Oryx’s Permian assets. With the exception of a Plains…
July 14, 2021
Plains to Offload Gulf Coast Storage Facilities for $850M
Plains All American LP plans to sell a pair of natural gas storage facilities on the Gulf Coast for $850 million, putting it on track to exceed its 2021 divestiture target in a single blow. The company said Tuesday it would sell the Pine Prairie facility in southern Louisiana and Southern Pines in eastern Mississippi…
June 8, 2021
Plains All American Oil Demand Outlook Clouded by Coronavirus, but Early Signs of Price Recovery
Drilling cuts and producer shut-ins amid historically weak oil demand forced Plains All American Pipeline LP to write down the value of its assets and swing to a steep first quarter loss.
May 6, 2020
Plains All American Expanding Delaware Crude Takeaway in Permian
More crude oil takeaway is set to be built from the Permian Basin to Cushing, OK, following a successful open season by a subsidiary of Plains All American Pipeline LP (PAA).
July 19, 2017
Brief — Plains All American
Plains All American Pipeline LP (PAA) is expanding the capacity on itsCactus Pipeline from McCamey to Gardendale, TX, to 390,000 b/d. The expansion, to move increasing production from the Permian Basin to Corpus Christi, TX, and other delivery points along the system, includes manifold and metering enhancements at the system’s origination station, which are anticipated to be completed in 3Q2017. Cactus is a 310-mile, 20-inch diameter crude oil pipeline running from the Permian to the PAA/Enterprise Products Partners LP Eagle Ford Joint Venture (JV) Pipeline. It has a capacity of 660,000 b/d and serves the Three Rivers and Corpus Christi markets directly and can supply the Houston-area market through a connection to the Enterprise South Texas Crude Oil Pipeline. Crude oil delivered on Cactus has access to the Eagle Ford JV barge dock facility in the Corpus Christi area and dock capacity at third-party facilities in Corpus Christi and Ingleside, TX, via connections with the Eagle Ford JV pipeline.
January 19, 2017
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
