Plains All American (PAA) acquires Eagle Ford crude oil and condensate gathering assets from a...

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

Plains All American (PAA) acquires Eagle Ford crude oil and condensate gathering assets from a subsidiary of Chesapeake Energy (CHK) for ~$125M. The acquired assets include ~40 miles of crude oil and condensate gathering pipelines with a throughput capacity of ~50K bbl/day; 150K barrels of existing storage capacity and 300K barrels of capacity under construction. PAA +1.8% premarket.