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Re: OilStockReport post# 1

Monday, 01/22/2018 11:43:52 PM

Monday, January 22, 2018 11:43:52 PM

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$PAA Plains All American Pipeline (NYSE:PAA) says it received sufficient binding commitments on its initial open season and will proceed with construction of the Cactus II pipeline system connecting the Permian Basin to Corpus Christi, Tex.

The Cactus II system would add two pipelines to PAA's existing Cactus network, expanding crude capacity to as much as 585K bbl/day from 390K bbl/day currently; PAA hopes to complete the project by Q3 2019.

PAA says it also received sufficient customer interest to conduct a second binding open season related to Cactus II.
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