Plains All American Pipeline ("Plains") engages in the transportation, storage, terminalling and marketing of crude oil, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids ("NGL"). Through its general partner interest and majority equity ownership position in PAA Natural Gas Storage, L.P., Plains owns and operates natural gas storage facilities.
It also owns PNG's general partner, PNGS GP LLC, which holds a 2.0% general partner interest in PNG and all of its incentive distribution rights. The company also owns an approximate 63% limited partner interest in PNG.
The company's three primary operations are in transportation, facilities and supply and logistics.
Plains All American is one of the largest independent midstream crude oil companies in North America, owning and operating approximately 18,000 miles of crude oil and refined product pipelines, approximately 119 million barrels of crude oil and NGL terminalling and storage capacity and a full complement of truck transportation and injection assets.
On average, the company handles over 3.5 million barrels per day of crude oil, refined products and NGL through its extensive network of assets located in key North American producing basins and transportation gateways.
In 2012, the company had revenues of $37.79 billion and net income of $1.09 billion.
Plains All American offers a competitive benefits package including medical, dental, life and long-term disability insurance as well as an employer-matched 401(k) plan.
Updated December 5, 2013