Plains All American Pipeline, L.P.
David E. Wright
5900 Cherry Avenue
Long Beach, CA, 90805
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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% ownership in PAA/Vulcan 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 98% to its current level (with February 2009 distribution) of $0.8925 per unit, or $3.57 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.