January 2013, Vol. 240 No. 1

Business Meetings & Events

Plains Adds Crude Rail Terminals To Portfolio

Plains All American Pipeline, L.P. has agreed to acquire four operating crude oil rail terminals, one terminal under development and various contractual arrangements from U.S. Development Group for $500 million.

The assets to be acquired include three crude oil rail-loading terminals located in the Eagle Ford, Bakken and Niobrara producing regions with an aggregate daily loading capacity of 85,000 bpd, a rail unloading terminal at St. James, LA with capacity of 140,000 bpd and a project to construct a crude oil unloading terminal near Bakersfield, CA.