Energy Spectrum Selling Eagle Ford Assets to Plains All American

January 2012, Vol. 239 No. 1

Energy Spectrum Partners V LP is selling its interests in Velocity South Texas Gathering, LLC, a subsidiary of Velocity Midstream Partners, LLC, to Plains All American Pipeline, LP.

Velocity’s assets include 120 miles of crude oil and condensate gathering and transportation pipelines in the Eagle Ford Shale area of South Texas with a projected throughput capacity of 150,000 bpd and an aggregate of 185,000 barrels of condensate storage capacity located at Catarina and the Gardendale Hub, which Velocity conceived.

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