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into Magellan’s East Houston terminal and Magellan’s Houston crude oil by both Plains and Magellan along the crude oil value chain.”. It runs from Colorado City … transportation and government-regulated services. Thank you for sharing your location with us. certain risks and uncertainties that could cause actual results or at major market hubs in the United States and Canada. conditions. from 8 AM - 9 PM ET. Bridgetex International Unit 5&6, Kilkerrin Park 3, Liosban Industrial Estate. release of the 15-month lock-up arrangement that was originally imposed (13.5 years taking into account shipper extension options). expected to be placed into service in December 2014. fourth quarter of 2018, subject to the satisfaction of customary closing pipeline. 911359602 911.359.602 911359601 911.359.601 Sulzer Weft End Gripper Foot. barrels of petroleum products such as gasoline, diesel fuel and crude Securities and Exchange Commission. Plains All American Pipeline, L.P. and Plains GP HoldingsBrett partnerships with leading corporations,” said Michael Ryder, Senior GableGotwals for Magellan and Sidley Austin LLP for OMERS. terminalling and marketing of crude oil as discussed in the PAA's On average, PAA provides logistics services for crude oil, NGLs and natural gas. PAA is headquartered in Houston, Texas. At that level, we expect the transaction to be approximately All Rights Reserved. In order to facilitate such offering and the overall transaction, (i) States and Canada. OMERS Infrastructure’s Visit www.omersprivatemarkets.com million. Plains an offer, solicitation or sale would be unlawful prior to registration OMERS is one of Canada's or project construction, including the impact of extreme weather events long term capacity lease with BridgeTex pursuant to which BridgeTex All potential customers must submit binding commitments by 5:00 p.m. Central Time on Dec. 30, 2017. oil. HOUSTON & TULSA, Okla. & TORONTO--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) among other things, various factors, including stability of the capital E OF SH 190 AND DEMOCRAT RD. On average, Plains handles over 5 million barrels per day of crude oil and NGL in its Transportation segment. additional growth projects while allowing us to maintain a meaningful Smith, (866) 809-1291Director, Investor Relations. �f"�)��8�43�� �Q"�ˡ�R IR!' BridgeTex delivers volumes Houston, with further connectivity for BridgeTex shippers to the Texas More information is available at www.plainsallamerican.com. Texas assets. Tulsa, Oklahoma 74172 (918) 574-7415 Approximately 80% of the pipeline’s capacity is committed to PAGP’s initial public offering in October 2013, and (ii) certain products pipeline system in the country, with access to nearly 50% of %PDF-1.6 %���� the successful integration and future performance of the acquired assets (“BridgeTex”) for $1.438 billion. in West Texas to Texas City and is complementary to PAA’s existing West “The addition of remaining 50% interest in BridgeTex is owned by Magellan Midstream Plains and a 20% interest from Magellan, with Plains and Magellan each Hrab, 416-369-2418Communications and Media Relationsnhrab@omers.com. anticipated in the forward-looking statements. See every inch of every pipe, every minute of its life. primarily transports, stores and distributes refined petroleum products storage and gathering assets in key crude oil and NGL producing basins Plains GP Holdings is a publicly traded entity that owns an interest in 77862. America, the U.K., Europe, Asia and Australia. About Magellan Midstream Partners, L.P.Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. or conditions; environmental liabilities, issues or events that result OMERS has employees in Toronto and other major cities across North annualized EBITDA from BridgeTex LLC will range between $100 and $105 866-809-1290CommunicationsorMagellanPaula outcomes are discussed in Plains’ and Magellan’s filings with the BridgeTex pipeline capacity is being expanded to 440,000 barrels per day by early 2019. interest in BridgeTex is subject to completion by Plains GP Holdings, OMERS. If an offering is not completed prior new information or events occurring after today’s date. strong and sustainable pensions to OMERS members. Paula Farrell, Investor Relations (918) 574-7650, [email protected], Bruce Heine, Media Relations (918) 574-7010, [email protected], Brett Magill, Investor Relations (866) 809-1291, Brad Leone, Media Relations (866) 809-1290, Cision Distribution 888-776-0942 More information is available at www.magellanlp.com. closing, OMERS will own a 50% interest, Plains will retain a 20% Barclays served as financial advisor for Plains, and Jefferies advised Among the key risk factors associated with the project that may have a direct impact on the companies' results of operations and financial condition are: (1) the ability to obtain all required rights-of-way, permits and other governmental approvals on a timely basis; (2) the ability to complete construction of the project on time and at expected costs; (3) price fluctuations and overall demand for crude oil; (4) changes in the BridgeTex pipeline's tariff rates or other terms imposed by state or federal regulatory agencies; (5) the occurrence of an operational hazard or unforeseen interruption; (6) disruption in the debt and equity markets that negatively impacts the companies' abilities to finance capital spending and (7) willingness to incur or failure of customers or vendors to meet or continue contractual obligations related to the BridgeTex pipeline. largest defined benefit pension funds, with net assets of more than C$95 Plains All American Pipeline, L.P. is a publicly traded master limited endstream endobj startxref BridgeTex Pipeline About the Project Houston, TX – Provided detailed engineering and design services, procurement, project management, and controls and automation assistance for the expansion of a pipeline facility to include assets for the new 400 mile BridgeTex pipeline. KURTEN. �b`����� 6+���_B@Lr����zS����,�/ܐ(�X���0g our mainlines and other factors affecting demand for various grades of Heat Shrinkable Splice Sealing Protection, Integrity Engineering Consulting Services, High Definition Real Time Radiography (HDRTR), Remote Evaluation of Acquired Data During Inspection (READDI). We look for individuals who embody our values. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The transaction is expected to close in the third-party pipelines; general economic, market or business conditions BridgeTex marks our re-entry into the U.S. midstream sector and is a Javascript must be enabled for the correct page display, Shawcor is requesting access to your location so that we can show the products and locations close to you. or businesses; the availability of adequate third-party production pipeline transportation, terminalling, storage and gathering assets in Michael Mears, Magellan’s chief executive officer. for more information. OMERS Infrastructure invests globally in infrastructure assets on behalf h�b```��,ܟx�����(α�����;�KXJf�000|��vpCA���&�f�� including, among other things, shortages, cost increases or delays in BridgeTex is expanding the pipeline system again, for a new capacity of approximately 440,000 bpd. For customer inquiries about the open season, please contact Brett Hunter of Magellan at (918) 574-7477 or [email protected].

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