Midstream energy company engaged in the transportation, storage, and marketing of crude oil and natural gas liquids.
Plains All American Pipeline, L.P., headquartered in Houston, Texas, operates as a key player in the pipeline transportation, terminalling, storage, and gathering sectors for crude oil and natural gas liquids (NGL) across the United States and Canada. Established in 1981 and functioning as a subsidiary of Plains GP Holdings, L.P., the company is divided into two principal segments: Crude Oil and NGL. The Crude Oil segment facilitates the gathering and transportation of crude oil through an extensive network of pipelines, gathering systems, trucks, and occasionally via barges or railcars. This segment also provides crucial terminalling, storage, and related facilities services, alongside engaging in merchant activities.
As of December 31, 2021, Plains All American Pipeline, L.P.'s Crude Oil segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, supported by significant storage capabilities including 74 million barrels of commercial crude oil storage and 38 million barrels of above-ground tank capacity. The segment further operates marine facilities, a condensate processing facility, crude oil rail terminals, and a fleet of trucks and trailers, solidifying its position in the market.
The Natural Gas Liquids (NGL) segment complements its operations with activities spanning natural gas processing, NGL fractionation, storage, transportation, and terminalling. This segment boasts ownership of four natural gas processing plants, nine fractionation plants, and substantial NGL storage capacity. Additionally, it manages a network of active NGL transportation pipelines and rail terminals, reinforcing its integral role in the energy infrastructure landscape. Plains All American Pipeline, L.P. continues to innovate and expand its capabilities to meet the evolving demands of the energy sector, ensuring efficient and reliable transportation and storage solutions for its customers.