Jan 24 (Reuters) - Plains All American Pipeline LP said on Tuesday it bought a crude oil gathering system in the Permian Basin for about $1.2 billion.
The company also entered into sales agreements of nearly $380 million, which include two pending transactions and the completion of a third in January.
Plains All American said the crude oil gathering system is located in the northern portion of the Delaware Basin. (Reporting by Komal Khettry in Bengaluru; Editing by Sriraj Kalluvila)
Our Standards: The Thomson Reuters Trust Principles.