At Colorado City, the BridgeTex pipeline is connected to PAAs Basin Pipeline System as well as PAAs Sunrise Pipeline. The Sunrise Pipeline originates in Midland and is currently under construction with an initial capacity of 250,000 barrels per day and is expected to home
be placed into service in December 2014. An affiliate of Occidental is the anchor shipper on the BridgeTex pipeline. Approximately 80% of the http://wallinside.com/post-53928798-kim-kardashian-inspired-new-giuseppe-zanotti-shoe-named-mrs-west-e-online.html
pipelines capacity is committed to long term contracts with a volume weighted average tenor of 9.5 years (13.5 years taking into account shipper extension options). The remaining 50% interest in BridgeTex is owned by Magellan Midstream Partners, L.P. (MMP); MMP is also the operator of the BridgeTex pipeline. Contemporaneous with the purchase by PAA, BridgeTex has agreed to sell the southern leg of the pipeline system which runs from Houston to Texas City (the Texas City Leg) to MMP, and MMP has agreed to enter into a long term capacity lease with BridgeTex pursuant to which BridgeTex shippers will have access to capacity on the Texas City Leg. In addition to customary closing conditions and the contemporaneous consummation of the sale of the Texas City Leg by BridgeTex to MMP and execution of the capacity lease, PAAs acquisition of Occidentals interest in BridgeTex is subject to completion by Plains GP Holdings, L.P.