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Plains All American Pipeline LP (PAA.N)

PAA.N on New York Stock Exchange

20.72USD
16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Centurion's oil pipeline shut after spill - regulator
Wednesday, 11 Oct 2017 05:51pm EDT 

Oct 11 (Reuters) - US pipeline regulator PHMSA::Centurion's oil pipeline shut down after Oklahoma spill.  Full Article

PAA prices public offering of series B preferred units
Wednesday, 4 Oct 2017 05:22pm EDT 

Oct 4 (Reuters) - Plains All American Pipeline Lp :Paa prices public offering of series b preferred units.Plains all american - priced underwritten public offering of 800,000 of 6.125% series b fixed-to-floating rate cumulative redeemable perpetual preferred units.Plains all american - ‍priced offering of series b fixed-to-floating rate cumulative redeemable perpetual preferred units at $1,000/ series b preferred unit​.  Full Article

Valero Energy Corp and Plains All American Pipeline LP elect to terminate proposed acquisition by Valero of certain plains assets
Monday, 18 Sep 2017 04:30pm EDT 

Sept 18 (Reuters) - Valero Energy Corp :Valero Energy Corporation and Plains All American Pipeline, L.P. elect to terminate proposed acquisition by Valero of certain plains assets.Valero Energy Corp - Co, ‍ Plains All American Pipeline agreed to terminate deal providing acquisition of 2 petroleum storage, distribution terminals.Valero Energy Corp - ‍To terminate agreement for acquisition of two petroleum storage and distribution terminals located in Martinez and Richmond​.  Full Article

Plains All American Pipeline LP - ‍board of directors endorsed intention to reset co and Plains GP holdings' annualized distribution per unit to $1.20 ​
Friday, 25 Aug 2017 04:01pm EDT 

Aug 25 (Reuters) - Plains All American Pipeline LP :Plains All American Pipeline LP - ‍board of directors endorsed intention to reset co and Plains GP holdings' annualized distribution per unit to $1.20 ​.Plains All American Pipeline LP - board endorsed​ reduction of hedged crude oil and NGL inventory volumes and related debt by approximately $300 million.Plains All American Pipeline - ‍resetting annualized distribution per unit to reduce annual distribution outflow by about $725 million/year.Plains All American - apply retained cash flow & remaining asset sales proceeds to reduce total debt from $11.15 billion at June 30 to about $9.7 billion by March 31, 2019.Plains All American Pipeline LP-board endorsed funding of co's H2 2017, full-year 2018 expansion capital program which currently totals about $1.15 billion​.  Full Article

Plains All American Pipeline Q2 revenue $6,078 mln
Monday, 7 Aug 2017 04:06pm EDT 

Aug 7 (Reuters) - Plains All American Pipeline LP :Plains All American Pipeline LP and Plains GP Holdings report second-quarter 2017 results and update 2017 full-year guidance and 2018 preliminary forecast.Plains All American Pipeline LP qtrly ‍GAAP diluted net income per common unit $0.21​.Plains All American Pipeline LP qtrly ‍diluted adjusted net income per common unit $0.21​.Qtrly revenue $6,078 million versus. $4,950 million.Sees 2017 average daily volumes of 5,295 MBbls/d.  Full Article

Plains All American Pipeline qtrly ‍GAAP net income $0.21 per common unit ​
Monday, 7 Aug 2017 04:06pm EDT 

Aug 7 (Reuters) - Plains All American Pipeline LP ::Sees 2017 average daily volumes for transportation of 5,295 MBbls/d.Plains All American Pipeline, L.P. and Plains GP Holdings report second-quarter 2017 results and update 2017 full-year guidance and 2018 preliminary forecast.Qtrly ‍GAAP diluted net income per common unit $0.21​.Qtrly ‍diluted adjusted net income per common unit $0.21​.Qtrly revenues $ 6,078 million versus $ 4,950 million.  Full Article

Plains All American Pipeline announces successful open season and expansion of Delaware basin to cushing pipeline system
Tuesday, 18 Jul 2017 04:17pm EDT 

July 18 (Reuters) - Plains All American Pipeline Lp :Plains All American Pipeline announces successful open season and expansion of Delaware basin to cushing pipeline system.Plains All American Pipeline - Subject to timely receipt of necessary permits , additional capacity is expected to be operational in early to mid-2019.Plains All American Pipeline LP - Pipeline system will deliver to plains' and third-party terminals in cushing, ok.Plains All American Pipeline LP - Announced a conclusion to open season for additional capacity from delaware basin to cushing, ok.Plains All American Pipeline - Partnership to accommodate volume increase of about 120,000 barrels per day of movements from Delaware Basin, Midland to cushing.  Full Article

Valero Energy, Plains All American Pipeline plan to challenge attempt to block proposed acquisition by Valero of certain plains assets
Wednesday, 12 Jul 2017 05:36pm EDT 

July 12 (Reuters) - Valero Energy Corp :Valero Energy Corporation and plains All American Pipeline, L.P. plan to challenge attempt to block proposed acquisition by Valero of certain plains assets.Valero Energy Corp - Court denied California Attorney General's motion for a temporary restraining order seeking to block proposed transaction.Valero Energy Corp - Valero plans to "meaningfully expand capacity at both Martinez and Richmond terminals"​.Valero Energy Corp - Valero's CEO Joe Gorder and Plains's CEO Greg Armstrong are "disappointed" by California Attorney General's action.Valero Energy Corp - FTC recently ended extensive investigation of transaction, ultimately concluding that transaction merited no regulatory action.Valero - ‍media report apparently based on filing by California Attorney General in U.S. District Court "mischaracterizing as a "merger"" a proposed deal.Valero - California AG is seeking to block​ ‍acquisition by a unit of co of 2 petroleum storage and distribution terminals located in Martinez, Richmond.  Full Article

BridgeTex Pipeline launches open season for expanded capacity
Thursday, 6 Jul 2017 08:59am EDT 

July 6 (Reuters) - Magellan Midstream Partners Lp :BridgeTex Pipeline launches open season for expanded capacity.Magellan Midstream Partners Lp - BridgeTex Pipeline was recently expanded from 300,000 barrels per day to a capacity of 400,000 bpd.Magellan Midstream Partners Lp - BridgeTex may further expand capacity of pipeline system up to approximately 440,000 bpd.Magellan Midstream -BridgeTex Pipeline recently expanded from 300,000 bpd to a capacity of 400,000 bpd to deliver permian basin crude oil to Houston Gulf Coast Area.Magellan Midstream Partners Lp - all potential customers must submit binding commitments by Aug. 4, 2017.  Full Article

Trafigura signs agreement with Plains All American to receive crude oil from Permian Basin
Wednesday, 5 Jul 2017 10:31am EDT 

July 5 (Reuters) - Trafigura Trading LLC : :Trafigura signs agreement with Plains All American Pipeline to receive crude oil and condensate from the Permian Basin to Corpus Christi, Texas.Trafigura Trading LLC- long term deal starting with immediate effect, enables Trafigura to get up to 100,000 barrels of product per day at Corpus Christi.Trafigura Trading - Commitment to enable co to buy from producers in Permian Basin, get crude, condensate for co's condensate splitters in Corpus Christi.  Full Article

Oklahoma pipeline breach spilled 15,800 gallons of oil -regulator

HOUSTON, Oct 13 An accidental breach this week of Centurion Pipeline LP's oil pipeline in Oklahoma spilled 377 barrels of oil, or roughly 15,800 gallons, before it was repaired, the state's public utilities commission said on Friday.