Plains All American Pipeline, L.P.

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Plains All American Pipeline, L.P. - overview

Established

1981

Location

Houston, TX, US

Primary Industry

Oil & Gas

About

Based in the US, Plains All American Pipeline is an integrated midstream infrastructure company, focused on the transportation, storage, and processing of crude oil and natural gas liquids across North America. Plains All American Pipeline, established in 1981 and headquartered in Houston, US, specializes in midstream operations. The company has undergone strategic investments and partnerships, enhancing its operational capabilities. In January 2016, it received USD 1.


6 bn in funding from major investors including EnCap Flatrock Midstream and First Reserve. Willie Chiang serves as the CEO. Plains All American Pipeline primarily operates as an integrated midstream infrastructure company specializing in the transportation, storage, and processing of crude oil and natural gas liquids (NGLs) across North America. Their core product offerings include an extensive network of pipelines, terminals, and gathering systems, which facilitate the movement and storage of crude oil and NGLs.


The company supports various market segments, addressing needs related to the efficient and safe delivery of energy resources. Plains serves a diverse clientele, including major oil producers, refineries, and industrial end-users, ensuring a reliable supply of energy essential for both regional and global economies. Their operations span key geographical markets, particularly within the United States and Canada, where infrastructure is strategically located to optimize logistical efficiency and meet fluctuating demand. Plains All American Pipeline generated revenue of USD 50.


07 bn in 2024, with an EBITDA of USD 2. 20 bn. The company’s revenue model is built on long-term contracts and transactional agreements with major energy companies and refiners, typically structured on a fee-per-barrel basis for crude oil and NGLs transported through their network. Future growth plans for Plains All American Pipeline include utilizing the recent funding of USD 1.


6 bn secured in January 2016 to expand their midstream infrastructure and enhance operational capabilities. The company is focusing on expanding its geographical reach and entering new markets across North America to meet the increasing energy demand and optimize service offerings.


Current Investors

First Reserve, EnCap Investments, Energy & Minerals Group

Primary Industry

Oil & Gas

Sub Industries

Oil & Gas Exploration and Production, Oil & Gas Equipment and Services, Oil & Gas Transportation

Website

www.plainsallamerican.com

Company Stage

Mature - Growth Capital

Total Amount Raised

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Plains All American Pipeline, L.P. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedCactus II Pipeline, LLC-
Add-onCompletedWestcoast Energy Inc‘s Canadian Natural Gas Liquids Business-
PIPECompletedPlains All American Pipeline, L.P.-
Trade SaleCompletedChesapeake Energy Corporation-
Trade SaleCompletedPAA Natural Gas Storage, L.P.-

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