Aggregate consideration, which is subject to post-closing adjustments, was approximately $220 million. The Yorktown purchase includes a 6.6-million-barrel crude oil, refined products and LPG storage and distribution terminal located on an idled refinery site in Yorktown, Va. Over the next 18 to 24 months, PAA plans to disassemble and sell surplus equipment located at the acquired site and enhance the connectivity and performance of the Yorktown terminal. The facility will have access to a number of transportation alternatives, including the Colonial Pipeline, deep-water port access on the York River capable of receiving and loading ships and barges, and access to rail and truck loading and unloading facilities. The Yorktown facility will be capable of terminalling and storing crude oil, refined products, propane, butane, ethanol and other biodiesel fuels. The second transaction with Western includes an 82-mile, 16-inch pipeline segment and associated connections and tankage in New Mexico. The pipeline will provide up to 100,000 b/d of crude oil transportation capacity from southeastern New Mexico (an area with increased drillingactivity) to the Jal, N.M., station, the origination of PAA’s Basin Pipeline system.
Meanwhile, Western still has a Mid-Atlantic wholesale fuel operation that moves about 35,000 b/d, and that business will be retained, even though the  Yorktown terminal is sold.