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Plains Midstream Canada ULC

Company Summary

Description

PMC is an industry leading transportation and midstream provider. We specialize in transportation, storage, processing and marketing solutions for crude oil, natural gas, and natural gas liquids (NGLs). PMC links petroleum producers with refiners and other customers via pipeline, truck and rail transportation. We also operate strategically located facilities for crude oil and NGL storage, separation of NGL from natural gas and fractionation of NGL into specification products. With our expertise in logistics and marketing services, we are positioned to provide our customers with flexible, value-added services. PMC is headquartered in Calgary, Alberta, and has more than 1,400 employees in Canada and the U.S. Our Canadian facilities are located in four provinces and we conduct business in eight provinces. Our U.S. facilities are located in 14 states and we conduct business in 45 states. Plains Midstream Canada ULC is an indirect subsidiary of Plains All American Pipeline, L.P. (Plains All American). Plains All American is a publicly traded master limited partnership headquartered in Houston, Texas. Its common units are traded on the New York Stock Exchange under the symbol “PAA”.

Website

http://www.plainsmidstream.com/page/about-us

Related Entities

Recent news

  • 2/14/2023 - Plains Midstream Canada... (subscriber access)
  • 6/2/2021 - Inter Pipeline Closes on... (subscriber access)
  • 9/28/2020 - Inter Pipeline Swapping... (subscriber access)
  • 10/16/2019 - Rangeland Begins... (subscriber access)
  • 7/9/2019 - Plains Midstream Canada... (subscriber access)

Company Transactions

Date: 3/31/2021
Type: Acquisition

BUYERS:
  • Inter Pipeline Ltd
    • SELLERS:
  • Plains Midstream Canada ULC
    • ASSETS:
  • Empress II NGL Extraction & Fractionation Plant
  • Empress V NGL Extraction & Fractionation Plant
  • Milk River Pipeline System
    • DETAILS:

    COST: 35 $MM

    NOTES:
    Inter Pipeline has entered into a deal with Plains Midstream Canada, a subsidiary of Plains All American, for the acquisition of a 100% stake in the Milk River Pipeline System. In exchange, Inter will hand over a 100% ownership stake in Empress II and a 50% stake in the Empress V straddle plants while also being granted a $35 million cash payment from PAA. Closing is targeted for early 2021.
    REGIONS:
  • Canada

    • Date: 8/4/2016
    Type: Acquisition

    BUYERS:
  • Plains Midstream Canada ULC
    • SELLERS:
  • Westcoast Energy Inc.
    • ASSETS:
  • Empress Pipeline
    • DETAILS:

    COST: 204 $MM

    NOTES:
    Plains All American Pipeline's subsidiary Plains Midstream Canada LLC completed acquisition of Westcoast Energy, a subsidiary of Spectra Energy in a total deal worth $204 Million.
    REGIONS:
  • Canada