Plains All American Pipeline, L.P. (NYSE:PAA),
today announced that its wholly owned subsidiary Plains Gas Solutions,
LLC ("PGS" and formerly known as CDM MAX, LLC) plans to construct a
cryogenic gas processing plant with deep cut ethane plus recoveries and
specification product fractionation capability, at its multi-product
Ross Complex near Ross, North Dakota. The Ross Gas plant is expected to
be sized to process 50-75 million cubic feet per day (MMCFD) of gas and
is scheduled to be in service in the spring of 2013. PGS has executed a
letter of intent with an anchor customer to provide long-term natural
gas supply for the plant, and is in active negotiations with additional
potential customers to appropriately size the facility.
"The addition of gas processing and fractionation capability at our Ross
Complex complements our expanding Bakken area crude oil and NGL
operations, strengthening PAA's ability to provide a wide range of
services for hydrocarbons produced in the region," stated Harry N.
Pefanis, President and Chief Operating Officer of PAA.
The Ross Gas Plant will be capable of producing stabilized condensate,
purity ethane, specification propane, as well as a butane plus raw-make
NGL stream, and will deliver pipeline quality residue gas into Williston
Basin Interstate Pipeline Company's transmission system at the tailgate
of the facility. In addition to the gas plant, PAA's Ross Complex
includes rail-loading and storage facilities. The NGL portion and the
first phase of the crude oil portion of the rail facility were recently
commissioned with a design capacity to trans-load 8,500 barrels per day
of NGLs and 20,000 barrels per day of crude oil. The second phase of the
crude oil facility, which is targeted to be in service by the fourth
quarter of 2012, will provide unit train loading capability of up to
65,000 barrels per day and will be served by a new 16-mile, 10" crude
oil pipeline extending from PAA's Robinson Lake pipeline near Stanley,
North Dakota to the Ross Complex.
For additional commercial information on the Ross Complex, please
contact:
Sean Diamond
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Jason Balasch
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Director – Project Development & Execution
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VP – LPG
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Plains Gas Solutions
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Plains Midstream Canada
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(713) 646-4363
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(403) 365-7311
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Gregg A. Werger
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Jimmy Gordon
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Mgr -- Pipeline Commercial Operations
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Dir -- Crude Oil Marketing
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Plains Pipeline, L.P.
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Plains Marketing, L.P.
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(307) 472-9908
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(303) 572-4928
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PAA through its subsidiaries, owns and operates a network of
approximately 16,000 miles of liquids pipelines, approximately 90
million barrels of liquids storage capacity, and 1.2 BCF of natural gas
processing capacity and handles over 3 million barrels of physical
product on a daily basis.
Plains All American Pipeline, L.P. is a publicly traded master limited
partnership engaged in the transportation, storage, terminalling and
marketing of crude oil, refined products and liquefied petroleum gas and
other natural gas related petroleum products. Through its general
partner interest and majority equity ownership position in PAA Natural
Gas Storage, L.P. (NYSE: PNG), PAA also develops and operates natural
gas storage facilities. PAA is headquartered in Houston, Texas.
Forward Looking Statements:
Except for the historical information contained herein, the matters
discussed in this release are forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ materially from results anticipated in the forward-looking
statements. These risks and uncertainties include, among other things,
failure to implement or capitalize on planned internal growth projects;
shortages or cost increases of supplies, materials or labor; the
availability of adequate third-party production volumes for
transportation and marketing in the areas in which we operate and other
factors that could cause declines in volumes shipped on our pipelines by
us and third-party shippers, such as declines in production from
existing oil and gas reserves or failure to develop additional oil and
gas reserves; continued creditworthiness of, and performance by, our
counterparties, including financial institutions and trading companies
with which we do business; environmental liabilities or events that are
not covered by an indemnity, insurance or existing reserves; the impact
of current and future laws, rulings, governmental regulations,
accounting standards and statements and related interpretations; weather
interference with business operations or project construction; general
economic, market or business conditions and the amplification of other
risks caused by volatile financial markets, capital constraints and
pervasive liquidity concerns; and other factors and uncertainties
inherent in the transportation, storage, terminalling and marketing of
crude oil, refined products and liquefied petroleum gas and other
natural gas related petroleum products discussed in the Partnership's
filings with the Securities and Exchange Commission.
Investor/Media Contact:
Plains
All American Pipeline, L.P.
Roy I. Lamoreaux
Director,
Investor Relations
713/646-4222 – 800/564-3036