“Plains All American Pipeline, L.P. is a
publicly traded master limited partnership (“MLP”) engaged in the
transportation, storage, terminalling and marketing of crude oil, refined
products and liquefied petroleum gas and other natural gas related petroleum
products (together "LPG").
Through our general partner interest and majority equity ownership
position in PAA Natural Gas Storage, L.P. (NYSE: PNG), we are also engaged in
the development and operation of natural gas storage facilities. We own and
operate a diversified portfolio of strategically located assets that play a
vital role in the movement of U.S.
and Canadian energy supplies. On average
we handle over 3 million barrels per day of crude oil, refined products and LPG
through our extensive network of assets located in key North American producing
basins and transportation gateways. As an MLP, we make quarterly distributions
of our available cash to our Unitholders.
Since our initial public offering in 1998, we have increased our
quarterly distribution by 128% to its current level (with February 2012
distribution) of $1.025 per unit, or $4.10 per unit on an annualized
basis. It is our goal to increase our
distribution to Unitholders over time through a combination of internal and
acquisition-oriented growth. Our common units are traded on the New York Stock
Exchange under the symbol "PAA."
We are headquartered in Houston,
Texas.”
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