PLAINS RESOURCES AND ARCO PIPE LINE COMPANY ENTER INTO CRUDE OIL TANKAGE LEASE

PR Newswire | January 5, 1993 | Copyright 
 
    HOUSTON, Jan. 5 /PRNewswire/ -- Plains Terminal & Transfer Corporation, a unit of Plains Resources Inc. (AMEX: PLX), and ARCO Pipe Line Company, a unit of Atlantic Richfield Company (NYSE: ARC), today jointly announced an agreement whereby Plains will provide ARCO Pipe Line with up to 500,000 barrels of crude oil tankage at Plains' new Cushing, Okla., storage facility. 
    Under the agreement, ARCO Pipe Line initially leased 300,000 barrels of space from Plains and has the option to increase this arrangement by up to 200,000 additional barrels.  The initial term of the agreement ...

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