Plains All American Pipeline
From Wikipedia, the free encyclopedia
Plains All American Pipeline (NYSE: PAA) is a publicly traded Master Limited Partnership in the oil pipeline transmission and storage business in the United States. 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 company, headquartered in 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:
- 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
