Description

Plains GP Holdings, L.P., operating primarily through its subsidiary Plains All American Pipeline, L.P., manages and owns vital midstream energy infrastructure across both the United States and Canada. The company's operations are distinctly categorized into two main segments: Crude Oil and Natural Gas Liquids (NGLs). Its activities include the transportation of crude oil and NGLs via an extensive network of pipelines, gathering systems, and a fleet of trucks. As of December 31, 2021, this transportation infrastructure comprised 18,300 miles of crude oil and NGL pipelines and gathering systems, along with 38 million barrels of above-ground tank capacity and 1,275 trailers. Beyond transportation, Plains GP Holdings provides an array of storage, terminalling, and throughput services, predominantly for crude oil, NGLs, and natural gas. Additionally, it offers NGL fractionation and isomerization services, as well as natural gas and condensate processing. The company's robust assets in this area, recorded on December 31, 2021, included approximately 74 million barrels of crude oil storage, 28 million barrels of NGL storage, four natural gas processing facilities, one condensate processing facility, nine fractionation plants, 16 NGL rail terminals, four marine facilities, and 110 miles of associated pipelines. Furthermore, as of the same date, the company held 15 million barrels of crude oil and 2 million barrels of NGL as linefill. It also reported 3 million barrels of crude oil and 1 million barrels of NGL linefill in third-party pipelines and other inventory. Supporting its logistical prowess, the firm utilized 640 trucks, 1,275 trailers, and 3,900 NGL railcars. Plains GP Holdings delivers comprehensive logistics solutions to producers, refiners, and various other clients. PAA GP Holdings LLC functions as the company's general partner. Established in 2013, the company's headquarters are located in Houston, Texas.