Plains All-American Pipeline

Leading network of oil pipelines.

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Headquarters:
333 Clay Street, Suite 1600
Houston, TX 77002
Employees: 3,100
CEO: Greg Armstrong
Stock Symbol: PAA

Website: http://www.paalp.com

Career Site

Plains All American Pipeline, L.P. is a publicly traded master limited partnership ("MLP") engaged in interstate crude oil transportation, and crude oil gathering, marketing, terminalling and storage, as well as the marketing and storage of liquefied petroleum gas and other petroleum products (collectively "LPG").

Through its 50% ownership in PAA/Vulcan Gas Storage LLC, the Partnership is also engaged in the development and operation of natural gas storage facilities.

The company merged with Pacific Energy Partners in November, 2006.

Plains is one of the largest independent midstream crude oil companies in North America, handling over 3 million barrels per day of physical crude oil through an extensive network of assets located in key producing basins and transportation gateways in the United States and Canada.

The company's operations are in two main areas:

Crude Oil Pipeline Transportation Operations
Plains owns and operates approximately 15,000 miles of gathering and mainline crude oil pipelines located throughout the United States and Canada.  The activities from pipeline operations generally consist of transporting crude oil for a fee, third party leases of pipeline capacity, barrel exchanges and buy/sell arrangements.  

Gathering, Marketing, Terminalling and Storage Operations
Plains owns and operate approximately 37 million barrels of above-ground crude oil terminalling and storage facilities, including tankage associated with pipeline systems.  The flagship facility is the 6.3 million barrel crude oil terminalling and storage facility at Cushing, OK. Cushing is one of the largest crude oil market hubs in the United States and the designated delivery point for NYMEX crude oil futures contracts. 

In 2007, the company had revenues of $20.3 billion and net income of $365 million.

Benefits

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 April 6, 2008