Plain All American buys Chesapeake crude oil and condensate gathering assets for about $125M
Associated Press – Thu, Dec 13, 2012 11:55 AM EST.. .
http://finance.yahoo.com/news/plains-american-buys-oil-assets-165559335.html
HOUSTON (AP) -- Plains All American Pipeline LP said Thursday that it bought some crude oil and condensate gathering assets located in the Eagle Ford oil and gas formation in South Texas from Chesapeake Energy Corp. for about $125 million.
The Houston-based pipeline operator said the assets include about 40 miles of crude oil and condensate gathering pipelines with a throughput capacity of about 50,000 barrels per day, 150,000 barrels of existing crude oil and condensate storage capacity, 300,000 barrels of storage capacity under construction and a truck unloading terminal.
Plains said they will connect with its existing crude oil and condensate gathering systems.
The company also said Thursday that it closed on its $500 million acquisition of four rail terminals used to store and transfer crude oil.
The terminals were bought from U.S. Development Group, a privately held company that owns crude oil, petrochemical and ethanol terminal and storage centers across the U.S. and Canada. The deal also includes one terminal under development and various contractual arrangements, Plains said.
Plains owns a network of about 18,000 miles of liquids pipelines across the country. By owning the terminals, the company will also have more control over the oil it moves and will avoid storage costs at rented terminals.
In midday trading, Plains shares fell 61 cents to $44.56, while Chesapeake shares fell 21 cents to $16.75.
Then there's a woman, a lion of a woman.
Recent PAA News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 09:25:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 07:46:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 07:22:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 07:19:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 07:17:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 07:15:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 07:13:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/15/2024 10:41:50 PM
- Plains All American Releases 2023 Sustainability Report • GlobeNewswire Inc. • 08/06/2024 12:00:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 12:44:15 PM
- Plains All American Reports Second-Quarter 2024 Results & Raises 2024 Guidance • GlobeNewswire Inc. • 08/02/2024 11:30:42 AM
- Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Second-Quarter 2024 Earnings • GlobeNewswire Inc. • 07/03/2024 07:00:59 PM
- Plains All American’s 2023 Schedule K-3 Now Available • GlobeNewswire Inc. • 07/01/2024 09:15:04 PM
- Plains All American Announces Pricing of Public Offering of $650 Million of Senior Notes • GlobeNewswire Inc. • 06/17/2024 10:15:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 09:13:40 PM
- Plains All American Reports First-Quarter 2024 Results • GlobeNewswire Inc. • 05/03/2024 11:30:22 AM
- Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of First-Quarter 2024 Earnings • GlobeNewswire Inc. • 04/04/2024 08:45:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2024 01:10:07 PM
- Plains All American Reports Fourth-Quarter and Full-Year 2023 Results; Announces 2024 Guidance • GlobeNewswire Inc. • 02/09/2024 12:30:39 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/05/2024 07:54:39 PM
- Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Fourth-Quarter 2023 Earnings • GlobeNewswire Inc. • 01/08/2024 10:30:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 10:53:35 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/21/2023 07:12:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/14/2023 09:17:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 12:26:10 PM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM