PAA completes acquisition of 50% interest in BridgeTex
Plains All American Pipeline, L.P. has announced that it has completed the previously announced acquisition from Occidental Petroleum Corporation of Occidental's 50% interest in BridgeTex Pipeline Company LLC.
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.
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 US and Canada. On average, PAA handles over 3.9 million bpd of crude oil and NGL on its pipelines. PAA is headquartered in Houston, Texas.
Adapted from press release by Hannah Priestley-Eaton
Read the article online at: https://www.worldpipelines.com/business-news/17112014/paa-completes-acquisition-of-50-interest-in-bridgetex/
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