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PAA Acquires Crude Rail Terminals From US Development Group

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December 13, 2012

Plains All American Pipeline LP (NYSE: PAA) closed its previously announced $500 million acquisition of four operating crude rail terminals, one under development, and various contractual arrangements from US Development Group.

PAA is headquartered in Houston. The company is engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. ...

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