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Plains All American Pipeline LP (PAA.N)

PAA.N on New York Stock Exchange

29.87USD
23 Sep 2016
Change (% chg)

$-0.07 (-0.23%)
Prev Close
$29.94
Open
$29.63
Day's High
$30.13
Day's Low
$29.59
Volume
365,897
Avg. Vol
614,932
52-wk High
$34.98
52-wk Low
$14.83

Latest Key Developments (Source: Significant Developments)

Plains All American Pipeline entered third amendment to credit agreement - SEC filing
Wednesday, 17 Aug 2016 03:05pm EDT 

Plains All American Pipeline Lp : On August 11, co entered into certain third amendment to credit agreement - SEC filing . Amendment, among other things, extends the maturity date from August 16, 2020 to August 16, 2021 .Maturity date of revolving credit agreement with respect to each non-extending lender remains August 16, 2020.  Full Article

Plains All, Phillips 66 partners announce stack pipeline JV
Wednesday, 3 Aug 2016 06:03pm EDT 

Plains All American Pipeline Lp : Plains all american pipeline and phillips 66 partners announce stack pipeline joint venture and expansion plans . Stack pipeline, initial expansion supported by multiple long-term contracts as well as legacy production gathered by existing plains crude oil pipelines . Under jv agreement, plains contributed an existing terminal located at cashion, okla. . Plains all american pipeline lp says jv plans to invest an estimated $15 million to expand stack pipeline by constructing a truck station at highway 33 .Phillips 66 partners contributed $50 million cash, will be distributed to plains, exchange for a 50 percent interest in jv.  Full Article

Plains All American Pipeline qtrly revenue $4,950 mln vs $6,663 mln
Tuesday, 2 Aug 2016 04:07pm EDT 

Plains All American Pipeline L.P. And Plains Gp Holdings Report Second : Plains All American Pipeline L.P. and Plains Gp Holdings report second-quarter 2016 results . Plains all american pipeline lp qtrly diluted net loss per common unit $0.20 . Qtrly revenue $4,950 million versus $6,663 million last year .Qtrly diluted adjusted net loss per common unit $0.12.  Full Article

Plains All American responds to charges related to 2015 accidental release
Tuesday, 17 May 2016 10:35am EDT 

Plains All American Pipeline LP: Plains All American responds to charges filed related to 2015 accidental release . "Believes neither company nor any of its employees engaged in any criminal behavior at any time in connection with accident" . Co, one of its employees indicted by California state grand jury in connection with May 2015 accidental oil release ."Will vigorously defend ourselves against these charges".  Full Article

Plains All American Pipeline announces $1.5 billion private placement of 8% perpetual series A convertible preferred units
Tuesday, 12 Jan 2016 08:03am EST 

Plains All American Pipeline:Announces $1.5 billion private placement of 8% perpetual series A convertible preferred units.Purchasers will acquire approximately 56 million units of a newly authorized series of 8% perpetual series A convertible preferred units at a price of $26.25 per unit.Expects to use the proceeds for capital expenditures, repayment of debt, and general partnership purposes.  Full Article

Plains All American Pipeline LP - Regulators tell Plains to purge shut California oil pipeline - Reuters
Friday, 13 Nov 2015 05:30pm EST 

Plains All American Pipeline LP:U.S. pipeline regulators have ordered Plains All American Pipeline LP to purge a California pipeline system of crude to prevent corrosion after a separate pipeline ruptured and fouled Santa Barbara County shores last May - RTRS.The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) said Plains must purge oil from Line 903, a 130-mile (209 km), pipeline that runs from Gaviota, California inland to Kern County - RTRS.Plains also must purge three shut offshore oil pipelines operated by Freeport McMoRan that normally feed Line 903 - RTRS.PHMSA said surveys have shown that Line 903 has "similar corrosion characteristics" as Line 901, which ruptured and spilled up to 3,400 barrels of crude in mid-May, fouling Santa Barbara County shores as well as wildlife - RTRS.Line 901 has been shut and empty since the spill, and the damaged section was excavated and removed shortly thereafter. Line 903, also shut, has been "full of crude oil" since late May except for a section that operates intermittently at lower pressures, PHMSA said - RTRS.PHMSA, as well as the U.S. Environmental Protection Agency, the U.S. Department of Justice and California state and county agencies are investigating the spill - RTRS.Plains has estimated that spill-related costs could reach $257 million, including fines, settlements and cleanup - RTRS.  Full Article

Plains All American Pipeline, L.P and Plains GP Holdings increase distributions
Wednesday, 7 Oct 2015 09:05am EDT 

Plains All American Pipeline, L.P:Plains All American Pipeline L.p. and Plains gp holdings increase distributions.Increased its quarterly cash distribution to $0.700 per limited partner unit.Plains gp holdings increased its quarterly cash distribution to $0.231 per class a share.  Full Article

Plains All American Pipeline LP completes public offering of $1.0 billion of senior notes
Monday, 24 Aug 2015 12:11pm EDT 

Plains All American Pipeline LP:Completes an underwritten public offering of $1 billion aggregate principal amount of 4.65% senior unsecured notes due Oct. 15.Total net proceeds of the offering were about $990.5 million.Intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial paper program and for general partnership purposes.Citigroup Global Markets Inc., Mizuho Securities USA Inc., Mitsubishi UFJ Securities (USA) Inc, UBS Securities LLC, Deutsche Bank Securities Inc and DNB Markets Inc acted as joint book-running managers of the offering.  Full Article

Plains All American Pipeline says public offering of senior notes
Monday, 17 Aug 2015 08:58am EDT 

Plains All American Pipeline L.P:Says that it has commenced a public offering of senior notes.Intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial paper program and for general partnership purposes.Citigroup Global Markets Inc.; Mizuho Securities USA Inc.; Mitsubishi UFJ Securities (USA), Inc. and UBS Securities LLC will act as joint book-running managers of the offering.  Full Article

Plains All American Pipeline LP - Ruptured pipeline spills 21,000 gallons of oil on California coast - Reuters
Wednesday, 20 May 2015 12:27am EDT 

Plains All American Pipeline LP:A pipeline ruptured along the scenic California coastline on Tuesday, spilling some 21,000 gallons (79,000 liters) of oil into the ocean and on beaches before it could be secured, a U.S. Coast Guard spokeswoman said - RTRS.The pipeline, which runs parallel to Highway 101 near Santa Barbara, left a slick extending about four miles (6.4 km) along Refugio State Beach, extending about 50 yards (46 meters) into the water, Petty Officer Andrea Anderson of the Coast Guard said - RTRS.Anderson said the company responsible for the 24-inch (61- cm) pipeline was identified as Plains All American Pipeline PAA.N, which had brought in a company to begin cleaning up the spill. Refugio State Beach was closed - RTRS.Richard Abrams, emergency manager for Santa Barbara County, said the Coast Guard, Department of Fish and Wildlife and Santa Barbara County were assisting on the clean-up - RTRS.Plains said it shut down the flow of oil in the pipeline after the rupture and initiated its emergency response procedures - RTRS.  Full Article