for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Oil and Gas

Plains All American Pipeline to buy gathering system in Permian Basin

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)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up