Plains LPG acquiring NGL, transport firms

March 17, 2006
A Plains All American Pipeline LP subsidiary plans to acquire Andrews Petroleum Inc. and Lone Star Truck Inc. for $205 million.

By OGJ editors
HOUSTON, Mar. 17 -- A Plains All American Pipeline LP subsidiary plans to acquire Andrews Petroleum Inc. and Lone Star Truck Inc. for $205 million.

The transaction, subject to regulatory approval, is expected to close in 30 days, Plains LPG Services LP said Mar. 15. Andrews and Lone Star provide isomerization, fractionation, marketing, and transportation services associated with natural gas liquids throughout the western US.

The Bakersfield, Calif., assets include 200,000 bbl of NGL storage, a processing facility with butane isomerization capacity of 14,000 b/d and NGL fractionation capacity of 9,600 b/d, a rail rack able to service 30 tank cars, a truck rack to service seven trucks, a fleet of over 50 tractor trailers, and offices.