Plains All American and Delek Logistics Announce Open Season for Proposed Caddo Crude Oil Pipeline from Longview to Shreveport

abarrelfullabarrelfull wrote on 02 Oct 2015 06:16
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Plains All American Pipeline, L.P. (NYSE: PAA) and Delek Logistics Partners, LP (NYSE: DKL) announced today that Caddo Pipeline, LLC is conducting an open season for committed capacity on a proposed new crude oil pipeline from Longview, Texas to Shreveport, Louisiana. Caddo Pipeline LLC is a 50/50 joint venture between PAA and Delek Logistics. The open season process provides an opportunity for potential shippers to make long-term volume commitments for service from Longview to Shreveport in exchange for a discounted rate.

The proposed pipeline would originate at the Plains Longview, Texas Terminal and provide an initial capacity of approximately 80,000 barrels per day of light sweet crude to refineries in the Shreveport, Louisiana area and Delek Logistics’ pipeline system supplying Delek US Holdings’ (NYSE: DK) El Dorado, Arkansas refinery.

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