Plains All American Pipeline acquires Williston Basin crude oil terminal under construction


Plains All American Pipeline, L.P. (NYSE: PAA) today announced Friday it has acquired Legion Terminals, LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, N.D. The terminal, which is expected to be in service in Q3 2015, is strategically positioned to serve as a crude oil logistics hub in the Williston Basin.

The terminal is located on approximately 60 acres of property and includes 500,000 barrels of crude oil storage, pipeline interconnects, truck facilities and other associated assets. The terminal is permitted for up to two million barrels of crude oil storage, eight pipeline interconnects and 12 truck unloading stations.

Once in service, the terminal will complement Plains’ existing Williston Basin footprint and provide opportunities for additional connectivity to Plains assets. Plains’ Trenton crude oil gathering system and Manitou and Van Hook crude-by-rail facilities are all located within 50 miles of the terminal.

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 United States and Canada. On average, PAA handles over 4.1 million barrels per day of crude oil and NGL on its pipelines. PAA is headquartered in Houston, Texas.

SOURCE: Business Wire

Facebooktwitterredditpinterestmailby feather

Leave a Reply

Your email address will not be published.