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United States

Profile: Plains All American Pipeline LP (PAA.N)

PAA.N on New York Stock Exchange

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26 Aug 2016
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Plains All American Pipeline, L.P., incorporated on September 17, 1998, owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Through its segments, the Company is engaged in the transportation, storage, terminalling and marketing of crude oil, NGL and natural gas. The majority of its activities are focused on crude oil, which is the principal feedstock used by refineries in the production of transportation fuels. The Company owns a network of pipeline transportation, terminalling, storage and gathering assets in crude oil and NGL producing basins and transportation corridors and at market hubs in the United States and Canada.

Transportation

The Company's transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The transportation segment also includes equity earnings from its investments in entities that own the BridgeTex, Eagle Ford, White Cliffs, Frontier and Butte pipeline systems, as well as Settoon Towing, in which it owns interests. Additionally, it owns interests in entities that are constructing and developing pipeline systems, including Caddo, Diamond and Saddlehorn. The Company employs range of owned or leased long-term physical assets throughout the United States and Canada in this segment, including approximately 18,100 miles of active crude oil and NGL pipelines and gathering systems; over 30 million barrels of active, above-ground tank capacity used to facilitate pipeline throughput; approximately 830 trailers in Canada, and over 140 transport and storage barges and approximately 60 transport tugs through its interest in Settoon Towing.

The Company's crude oil pipelines in the United States include Basin Pipeline System, Mesa Pipeline System, Sunrise Pipeline, BridgeTex Pipeline, Cactus Pipeline and Permian Basin Area Systems; South Texas/Eagle Ford Area include Eagle Ford Area Systems; Western include All American Pipeline System, Line 63 and Line 2000; Rocky Mountain include Bakken Area Systems, Salt Lake City Area Systems, White Cliffs Pipeline, Cowboy Pipeline and Saddlehorn Pipeline; Gulf Coast include Capline Pipeline System and Pascagoula Pipeline, and Central include Mid-Continent Area Systems, Diamond Pipeline and Caddo Pipeline. The Company's crude oil pipelines in Canada include Manito Pipeline, Rainbow System, Rangeland System and South Saskatchewan, and its NGL Pipelines in Canada includes the Co-Ed NGL Pipeline System.

Facilities

The Company's Facilities segment operations consist of activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. The Company owns, operates or employs a range of long-term physical assets throughout the United States and Canada in this segment, including approximately 80 million barrels of crude oil and refined products storage capacity at its terminalling and storage locations; over 20 million barrels of NGL storage capacity; approximately 100 billion cubic feet (Bcf) of natural gas storage working capacity; over 30 Bcf of owned base gas; approximately 10 natural gas processing plants located throughout Canada and the Gulf Coast area of the United States, and a condensate processing facility located in the Eagle Ford area of South Texas with an aggregate processing capacity of over 120,000 barrels per day.

The Company owns and operates approximately seven fractionation plants located throughout Canada and the United States with an aggregate net processing capacity of approximately 166,300 barrels per day, and an isomerization and fractionation facility in California with an aggregate processing capacity of approximately 15,000 barrels per day; over 30 crude oil and NGL rail terminals located throughout the United States and Canada; approximately six marine facilities in the United States with an aggregate load capacity of over 110,000 barrels per hour, including vapor recovery rates, and an aggregate unload capacity of approximately 180,000 barrels per hour, and approximately 1,100 miles of active pipelines that support its facilities assets, consisting of NGL and natural gas pipelines. Its crude oil and refined products facilities include Cushing Terminal, L.A. Basin, Martinez and Richmond Terminals, Mobile and Ten Mile Terminal, Patoka Terminal, St. James Terminal, Yorktown Terminal and Corpus Christi. The NGL storage facilities include Bumstead, Fort Saskatchewan, Sarnia Area and Tirzah. It owns approximately three regulated natural gas storage facilities located in the Gulf Coast and Midwest.

The Company owns and operates over four straddle plants and approximately two field gas processing plants located in Western Canada with an aggregate net natural gas processing capacity of over 5.4 Bcf per day and long-term liquid supply contracts relating to a third-party owned straddle plant with gross processing capacity of approximately 2.5 Bcf per day. It also owns and operates over four natural gas processing plants located in Louisiana and Alabama with an aggregate natural gas processing capacity of approximately 0.6 Bcf per day. Its fractionation and isomerization facilities include Fort Saskatchewan, Sarnia and Shafter. Its Gardendale condensate processing facility located in La Salle County, Texas is designed to extract NGLs from condensate. It owns approximately seven active crude oil and condensate rail loading terminals, over six of which service production in the Niobrara, Eagle Ford, Permian Basin and Bakken shale formations and has a combined loading capacity of approximately 322,000 barrels per day. These facilities are located in Carr, Colorado; Tampa, Colorado; Gardendale, Texas; McCamey, Texas; Manitou, North Dakota, and Van Hook, North Dakota.

The Company owns over three active crude oil rail unloading terminals that has a combined unloading capacity of approximately 350,000 barrels per day. It owns approximately 20 operational NGL rail facilities located near NGL storage, pipelines, gas production or propane distribution centers throughout the United States and Canada. Its NGL rail facilities have over 260 railcar rack spots and approximately 1,130 railcar storage spots.

Supply and Logistics

The Company's supply and logistics segment operations consist of the merchant-related activities, including the purchase of the United States and Canadian crude oil at the wellhead, the bulk purchase of crude oil at pipeline, terminal and rail facilities, and the purchase of cargos at their load port and various other locations in transit; the storage of inventory during contango market conditions and the seasonal storage of NGL and natural gas, and the purchase of NGL from producers, refiners, processors and other marketers. Its activities also include the resale or exchange of crude oil and NGL at various points along the distribution chain to refiners or other resellers; the transportation of crude oil and NGL on trucks, barges, railcars, pipelines and ocean-going vessels from various delivery points, market hub locations or directly to end users, such as refineries, processors and fractionation facilities, and the purchase and sale of natural gas.

The Company employs a range of owned or leased physical assets throughout the United States and Canada, including approximately 10 million barrels of crude oil and NGL linefill in pipelines owned by the Company; over five million barrels of crude oil and NGL linefill in pipelines owned by third parties and other long-term inventory; approximately 990 trucks and over 1,100 trailers, and approximately 10,100 crude oil and NGL railcars. The Company sells its crude oil to oil companies, independent refiners and other resellers in various types of sale and exchange transactions.

Company Address

Plains All American Pipeline LP

333 Clay St Ste 1600
HOUSTON   TX   77002-4101
P: +1713.6544100
F: +1713.6464680

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