Plains Adds Crude Rail Terminals To Portfolio

January 2013, Vol. 240 No. 1

Plains All American Pipeline, L.P. has agreed to acquire four operating crude oil rail terminals, one terminal under development and various contractual arrangements from U.S. Development Group for $500 million.

The assets to be acquired include three crude oil rail-loading terminals located in the Eagle Ford, Bakken and Niobrara producing regions with an aggregate daily loading capacity of 85,000 bpd, a rail unloading terminal at St. James, LA with capacity of 140,000 bpd and a project to construct a crude oil unloading terminal near Bakersfield, CA.

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