Plains All American Pipeline LP (NYSE: PAA) will acquire four operate crude oil rail terminals from U.S. Development Group for about $500 million.

The assets include crude oil rail loading terminals located in the Eagle Ford, Bakken and Niobrara regions with an aggregate loading capacity of 85,000 barrels per day.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.