Plains All American to buy 55% stake in EPIC Crude from Diamondback, Kinetik in $1.57B deal

1 week ago 1
Golden pipes going to oil refinery

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Plains All American Pipeline (NASDAQ:PAA) and Plains GP Holdings (NASDAQ:PAGP) said Tuesday it agreed to acquire a 55% non-operated interest in the EPIC Crude Oil Pipeline in a deal valued at ~$1.57B, including ~$600M of debt, from Diamondback Energy (

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