One-Page Deal Sheet
Plains Buys Eagle Ford Gathering Assets from Chesapeake
Plains All American Pipeline, L.P. Chesapeake Energy Corp
Announced Date
December 13,2012
Close Date
December 13,2012
Transaction Type
Asset
Transaction Details: Require Private Equity Subscription
Plains All American Pipeline L.P. has acquired certain crude oil and condensate gathering assets located in the Eagle Ford area of South Texas from a subsidiary of Chesapeake Energy Corporation. The purchase price was approximately $125 million.
The acquired assets include approximately 40 miles of crude oil/condensate gathering pipelines with a throughput capacity of approximately 50,000 barrels per day; 150,000 barrels of existing crude oil and condensate storage capacity; 300,000 barrels of storage capacity under construction and a truck unloading terminal. In support of the transaction…
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