Plains All American Pipeline
Encyclopedia
Plains All American Pipeline is a publicly traded Master Limited Partnership
in the oil
pipeline
transportation, marketing, and storage business in the United States
, LPG business in Canada, and Natural Gas Storage business in Michigan and Louisiana. It owns about 37 million barrels (5,900,000 m³) of terminalling and storage capacity and 15,000 miles (25,000 km) of crude oil pipelines.
The Fortune 500 company, headquartered in Three Allen Center in Downtown
Houston, Texas
, was traded in 1993 and grew through investment, originally in the Cushing Terminal in Cushing, Oklahoma
and mostly acquisition, aimed at improving the transmission of oil to the Midwest.
Major acquisitions include:
Master limited partnership
Master limited partnership is a limited partnership that is publicly traded on a securities exchange. It combines the tax benefits of a limited partnership with the liquidity of publicly traded securities....
in the oil
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
pipeline
Pipeline transport
Pipeline transport is the transportation of goods through a pipe. Most commonly, liquids and gases are sent, but pneumatic tubes that transport solid capsules using compressed air are also used....
transportation, marketing, and storage business in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, LPG business in Canada, and Natural Gas Storage business in Michigan and Louisiana. It owns about 37 million barrels (5,900,000 m³) of terminalling and storage capacity and 15,000 miles (25,000 km) of crude oil pipelines.
The Fortune 500 company, headquartered in Three Allen Center in Downtown
Downtown Houston
Downtown Houston is the largest business district of Houston, Texas, United States. Downtown Houston, the city's central business district, contains the headquarters of many prominent companies. There is an extensive network of pedestrian tunnels and skywalks connecting the buildings of the district...
Houston, Texas
Houston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...
, was traded in 1993 and grew through investment, originally in the Cushing Terminal in Cushing, Oklahoma
Cushing, Oklahoma
Cushing is a city in Payne County, Oklahoma, United States. The population was 8,371 at the 2000 census.The city was established after the Land Run of 1891 by Billy Rae Little. It was named for Marshall Cushing, private secretary to U.S. Postmaster General John Wanamaker...
and mostly acquisition, aimed at improving the transmission of oil to the Midwest.
Major acquisitions include:
- 1998 - All American Pipeline System
- 1999 - Scurlock Permian
- 2001 - assets of Murphy Oil Company Ltd.
- 2001 - assets of CANPET Energy Group
- 2002 - pipeline assets from Shell Pipeline Company
- 2004 - Capline Pipeline System
- 2004 - Link Energy pipeline system
- 2006 - Pacific Energy Partners
- 2009 - PAA/Vulcan Natural Gas Storage and subsequent IPO in April 2010