Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.
Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S. oil-producing and trading regions. Its system supplies and links production basins and coastal export points, with significant operations tied to hubs such as Cushing, Oklahoma and corridors serving the Permian Basin, Gulf Coast and other Midcontinent and Rockies areas. The company’s service offerings are a mix of fee-based transportation and storage contracts plus commodity handling and marketing activities intended to optimize flows and market access for customers.
Headquartered in Houston, Texas, Plains All American has grown its footprint through a combination of organic development and strategic acquisitions to build scale in North American midstream logistics. The business serves a broad set of customers including exploration and production companies, refiners and commodity traders, and is managed by an executive team and board of directors responsible for operations, safety, and regulatory compliance. Plains’ activities are focused on maintaining reliable midstream infrastructure and providing market connectivity between U.S. production and domestic or international demand centers.