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Plains All American Pipeline

Company Summary

Recent news

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Investor Presentations

  • 4Q22 Earnings Presentation
  • Plains All American Pipeline EIC Investor Presentation May 2022 (subscriber access)
  • 3Q19 Earnings Presentation (subscriber access)
  • 2Q19 Earnings Presentaiton (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • Fourth Quarter 2017 Investor Presentation (subscriber access)
  • December 2017 Wells Fargo Pipeline MLP & Utility Symposium (subscriber access)
  • December 2017 Morgan Stanley Update (subscriber access)
  • December 2017 Global Mizuho Investor Conference (subscriber access)
  • November 2017 Jefferies Energy Conference (subscriber access)
  • September 2017 J.P. Morgan Midwest Energy Infrastructure / MLP 1x1 Forum (subscriber access)
  • September 2017 Barclays CEO Energy-Power Conference (subscriber access)
  • August 2017 Citi MLP Conference (subscriber access)
  • June 2017 JP Morgan Energy Equity Conference (subscriber access)
  • BAML 2017 Energy Credit Conference (subscriber access)
  • 2017 MLPA Investor Conference (subscriber access)
  • PAA / PAGP 2017 Investor Day (subscriber access)
  • April 2017 Mizuho Energy Summit (subscriber access)
  • 1Q17 Earnings Presentation (subscriber access)
  • Acquisition of Alpha Crude Connector & Related PAA Updates (subscriber access)

Company Transactions

Date: 11/2/2022
Type: Acquisition

NOTES:
Enbridge and Plains GP Holdings have purchased Western Midstream's 15% interest in the Cactus II Pipeline for $265 million, with Enbridge acquiring 10% of the pipe and Plains acquiring 5%. After this transaction, Plains and Enbridge are the sole owners of the Cactus II pipeline with 70% and 30% respective ownership. Plains will continue to serve as the operator.
REGIONS:
  • Delaware Basin
  • Date: 12/31/2021
    Type: Joint Venture

    NOTES:
    Plains All American and Oryx Midstream have formally announced that they will be merging their Permian Basin operations into the Plains Oryx Permian Basin LLC joint-venture. Plains will own 65% of the JV while Oryx holds a 35% stake, and closing is targeted for 4Q21.
    REGIONS:
  • Permian Basin
  • Date: 9/30/2021
    Type: Acquisition

    DETAILS:

    COST: 850 $MM

    VOLUMES: 70 Bcf

    NOTES:
    Plains All American has signed a deal to divest their Pine Prairie and Southern Pines natural gas storage facilities to Hartree for $850 million in cash. The two storage facilities have a combined capacity of 70 Bcf across nine caverns and the deal will close in the third quarter of 2021.
    REGIONS:
  • Gulf Coast
  • South Central
  • Date: 10/16/2020
    Type: Acquisition

    NOTES:
    The deal included the Long Beach, Dominguez Hills and Alamitos Terminals and 50-miles of pipeline between the terminals and major refineries nearby. Those include a storage capacity of 8.2 MMbbl, deep water docks and the Line 2000, Line 63 and the M70 pipeline systems.
    REGIONS:
  • California
  • Date: 4/25/2020
    Type: Acquisition

    NOTES:
    Noble Midstream and Greenfield Midstream, via their JV Black Diamond Gathering, has entered into a deal with Saddlehorn Pipeline Company for an option to acquire up to a 20% ownership in the system that expires April 2020. Under the deal, Magellan and Plains would sell down their equity interest on an equal basis while WES retains 20% ownership.
    REGIONS:
  • DJ Basin
  • Date: 2/5/2020
    Type: Acquisition

    SELLERS:
  • Felix Energy
  • DETAILS:

    COST: 300 $MM

    VOLUMES: 70 M Bbls/d

    NOTES:
    Plains All American has closed on the purchase of $300 million in bolt-on assets in the Delaware Basin from Felix Midstream which will tie into their ACC and Wink South systems. The asset included 80-miles of pipeline and 70 Mbbl of storage with 60,000 acres dedicated and 60 Mbbl/d in system flows.
    REGIONS:
  • Delaware Basin
  • Date: 5/28/2019
    Type: Acquisition

    DETAILS:

    COST: 128 $MM

    VOLUMES: 33 Percent

    NOTES:
    Delek acquired a 33% ownership interest in the Red River Pipeline joint venture from Plains All American for $128 million

    Date: 5/22/2019
    Type: Acquisition

    NOTES:
    CVR Energy reported the sale of its 1.5 MMbbl Cushing, Oklahoma, crude oil terminal and related assets to Plains All American for roughly $36 million.

    Date: 10/15/2018
    Type: Acquisition

    NOTES:
    Plains All American and Magellan Midstream have entered into an agreement to sell a 50% interest in BridgeTex Pipeline Company to OMERS for $1.438 billion. OMERS will acquire a 30% stake from Plains and a 20% stake from Magellan.
    REGIONS:
  • Texas and Producing Region
  • Date: 1/1/2018
    Type: Acquisition

    Date: 11/30/2017
    Type: Acquisition

    REGIONS:
  • South Central
  • Date: 10/30/2017
    Type: Acquisition

    NOTES:
    CVR Refining and Plains All American have formed a 50/50 joint venture named Midway Pipeline, LLC. The JV has concurrently acquired the 100-mile Cushing to Broome PIpeline from Plains. The pipeline supplies CVR's Coffeyville Refinery in Kansas.
    REGIONS:
  • South Central
  • Cushing Oil Terminal
  • Date: 10/15/2017
    Type: Acquisition

    NOTES:
    Holly Energy Partners reported that it has entered into a deal to acquire the remaining 50% stake in the Frontier Aspen Pipeline and the remaining 75% stake in the SLC Pipeline from affiliates of Plains All American Pipeline.
    REGIONS:
  • Rockies
  • Date: 5/15/2017
    Type: Acquisition

    DETAILS:

    COST: 310 $MM

    NOTES:
    Plains All American has entered into agreements to sell its Bluewater Gas Storage Facility in Michigan and a segment of pipeline in the Midwestern United States for proceeds of $310 million.
    REGIONS:
  • Midwest
  • Date: 3/31/2017
    Type: Acquisition

    NOTES:
    Noble Midstream & Plains All American have entered into a 50/50 joint venture in the Delaware Basin through the newly formed Trinity River DevCo LP. The newly formed entity will acquire Advantage Pipeline LLC in a $133 million deal. The acquisition includes the 150 Mbbl/d, 70-mile Advantage Pipeline and 450,000 barrels in crude oil storage in the Delaware Basin. Also, Blueknight sold its 30% stake in the system to the group.
    REGIONS:
  • Delaware Basin
  • Date: 1/18/2017
    Type: Acquisition

    DETAILS:

    COST: 70 $MM

    VOLUMES: 60 M Bbls/d

    NOTES:
    40% interest in the Red River Pipeline. The stake in Red River consists of 60 Mbbl/d in transportation between Cushing, Oklahoma and Hewitt, Oklahoma.
    REGIONS:
  • Cushing Oil Terminal
  • Date: 6/6/2016
    Type: Acquisition

    DETAILS:

    COST: 42.5 $MM

    VOLUMES: 80 Bbls/d

    NOTES:
    50% interest in the Cheyenne Pipeline
    REGIONS:
  • United States
  • Date: 4/29/2016
    Type: Acquisition

    NOTES:
    East Coast Terminal Acquisition
    REGIONS:
  • United States