Plains To Boost Cushing Takeaway Through Pipeline JV
Transaction Type
Sellers
Basin
Midcontinent; Permian Basin; US Gulf Coast
Announce Date
Post Date
Close Date
Estimated Price
128MM
Description
Formed a JV to support the expansion of the Red River pipeline system from Cushing, OK, and the Permian Basin to US Gulf Coast markets; includes purchase of a 33% minority ownership interest.