Plains All American Pipeline: A Master Limited Partnership

Plains All American Pipeline is a Master limited partnership dealing with oil pipeline transportation, storage, and marketing in the US, owning around 37 million barrels of storage and terminal capacity plus 15,000 miles of pipelines for crude oil. The company was publicly traded in 1993 and from there grew through investments and acquisitions. Acquisitions were mostly initiated to address the company's aim of improving oil transmission to the Midwest. Some of the biggest acquisitions for Plains All American Pipeline include: the All American Pipeline System (1998), Scurlock Permian (1999), assets for CANPET Energy Group and Murphy Oil Company Ltd. (2001), pipeline assets from the Shell Pipeline Company (2002), the Capline Pipeline System and Link Energy Pipeline System (2004), Pacific Energy Partners (2006), and PAA/Vulcan Natural Gas Storage (2009).

Plains All American Pipeline owns and operates a diversified portfolio of assets that are vital to the movement of energy supplies to the US and Canada. On average, the company handles more than 3.5 million barrels of crude oil, NGL, and refined products per day.