Plains All American Pipeline, L.P. Enters into Agreement to Acquire 50% Interest in BridgeTex Pipeline Company from ...
Wednesday, November 5, 2014
HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it has entered into a definitive purchase and sale agreement with Occidental Petroleum Corporation for the purchase by PAA of Occidental’s 50% interest in BridgeTex Pipeline Company LLC (“BridgeTex”) for $1.075 billion. BridgeTex owns the BridgeTex pipeline, which is a new 300,000 barrel-per-day crude ...
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