Plains All American Pipeline, L.P.
333 Clay St Ste 1600,
Houston, TX, 77002-4101,
USA.
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Description
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 50% indirect ownership in PAA Natural Gas Storage LLC; 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 101% to its current level (with May 2009 distribution) of $0.905 per unit; or $3.62 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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