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Plains All American and Enterprise Products Announce Eagle Ford Crude Oil Pipeline Joint Venture

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) and Enterprise Products Partners L.P. (NYSE: EPD) today announced they have formed a 50/50 crude oil pipeline joint venture in South Texas. The arrangement provides for PAA and EPD to consolidate certain portions of previously announced pipeline projects servicing the Eagle Ford shale play in South Texas. The joint venture system is supported by long-term commitments totaling 210,000 barrels per day. The consolidation will provide shippers with increased market flexibility and enable PAA and EPD to optimize their capital investments.