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Plains All American announces open season for Permian Basin Pipeline

  • Plains All American (NASDAQ:PAA) announces an open season for committed crude oil pipeline capacity from the Permian Basin to the Cushing, Okla., storage hub.
  • The open season has the potential to add as many as 350K bbl/day of Permian Basin Pipeline takeaway capacity.
  • Subject to sufficient commitments from shippers and receipt of any necessary permits and regulatory approvals, PAA says the pipeline could be operational in mid-2019.

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Plains All American Pipeline, L.P. Common Units