One-Page Deal Sheet
PAA to Acquire Eagle Ford, Bakken, Niobrara Rail Terminals
Plains All American Pipeline, L.P. U.S. Development Group
Announced Date
December 05,2012
Transaction Type
Asset
Location
Region
Williston Basin,Gulf Coast - South Texas,Rockies - DJ Basin
Country
United States
State
Texas
Play
Transaction Details: Require Private Equity Subscription
Plains All American Pipeline LP has agreed to acquire four operating crude oil rail terminals, one terminal under development and various contractual arrangements from U.S. Development Group (USD) for approximately $500 million. The transaction received early termination of the required waiting period under the Hart-Scott-Rodino Act and is expected to close before the end of this year.
The assets to be acquired include three crude oil rail loading terminals located in the Eagle Ford, Bakken and Niobrara producing regions with an aggregate daily loading capacity of approximately 85,000 barrels…