Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. As of December 31, 2021, this segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, as well as an additional 110 miles of pipelines that supports crude oil storage and terminalling facilities; 74 million barrels of commercial crude oil storage capacity; 38 million barrels of active, above-ground tank capacity; four marine facilities; a condensate processing facility; seven crude oil rail terminals and 2,100 crude oil railcars; and 640 trucks and 1,275 trailers. The Natural Gas Liquids segment engages in the natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. As of December 31, 2021, this segment owned and operated four natural gas processing plants; nine fractionation plants; 28 million barrels of NGL storage capacity; approximately 1,620 miles of active NGL transportation pipelines, as well as an additional 55 miles of pipeline that supports NGL storage facilities; 16 NGL rail terminals and approximately 3,900 NGL rail cars; and approximately 220 trailers. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.

The company began in 1981 as a small oil and gas exploration and production company called Plains Resources. The company became a public company via an initial public offering in 1998.Major acquisitions include:

1998 - All American Pipeline System

1999 - Scurlock Oil Company Permian and west Texas pipeline from Chevron Corporation for $35 million

2001 - Midstream operations of Murphy Oil for $155 million

2001 - CANPET Energy Group, a liquified gas marketing company based in Canada, for $42 million

2004 - Capline Pipeline System

2004 - Link Energy pipeline system for $273 million

2005 - Assets in Louisiana from Shell Oil Company for $12 million

2006 - Pacific Energy Partners for $2.4 billion

2008 - Rainbow oil pipeline in Northern Alberta

2012 - Canadian NGL business from BP

2017 - Alpha Crude Connector gathering system and pipeline in the Permian Basin for $1.2 billion.

As we look to the future, we will continue to differentiate Plains by combining a proven business strategy, a solid platform of strategically located assets, our specialized knowledge of energy markets, and the values that guide our operations.

At Plains, our vision is to become the premier crude oil and NGL transportation and marketing company in the United States and Canada by providing the utmost in value-added services to our customers, and in doing so, delivering superior returns to our stakeholders.