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Plains All American Pipeline (NYSE:PAA) Closing price $52.18
The company is constructing a 55-mile extension of its previously announced Mississippian Lime pipeline in order to service growing output in the Mississippian Lime resource play of western Oklahoma and southwest Kansas. The extension should be brought online in the fourth quarter, and will supply up to 75,000 barrels per day of crude oil throughput capacity from Coldwater in Comanche County, Kansas to Byron in Alfalfa County, Oklahoma. Crude oil will flow from Byron, on PAA’s Mississippian Lime pipeline to its terminal in Cushing. The extension is backed by a long-term commitment from an area producer.
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