Plains All American Pipeline Announces $400M-$500M Investment in Permian Basin Expansion

Plains All American Pipeline, L.P. PAA today announced four projects that are part of its plan to significantly increase and expand its Permian Basin pipeline infrastructure over the next few years to keep pace with rising production volumes. These four projects, as well as several other projects currently under review, will result in aggregate investments of approximately $400 million to $500 million. The four projects are expected to be completed in stages throughout 2014 and early 2015 and include the construction of three new large diameter (“trunk line”) pipelines that will increase the Partnership's takeaway capacity in support of crude oil production growth in the Delaware and South Midland Basins and will support gathering systems the Partnership is constructing in the Avalon, Bone See full press release