Plains All American unveils new Permian expansion activities

|About: Plains All American Pipelin... (PAA)|By:, SA News Editor

Plains All American (PAA +0.2%) announces four projects to significantly expand its Permian Basin pipeline infrastructure during the next few years to keep pace with rising production volumes; the four projects, as well as other projects under review, will result require total investments of $400M-$500M.

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.

PAA also says it is constructing 45 miles of new crude oil pipeline to complement its existing Mississippian Lime pipelines and will further service growing production in the resource play; the pipeline is expected to be brought into service in Q1 2014.