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Description

Plains Midstream Canada is a subsidiary of Plains All American Pipeline L.P., a publicly traded master limited partnership with headquarters in Houston, Texas. Plains All American Pipeline L.P. trades on the New York Stock Exchange under the symbol "PAA." In 2001, Plains All American Pipeline acquired the Canadian crude oil pipeline, gathering, storage and terminalling assets of Murphy Oil Company Ltd., as well as the assets of CANPET Energy Group, Inc., a privately held Calgary-based Canadian crude oil and LPG marketing company. These assets, that began operating as Plains Marketing Canada, L.P., now operate under the Plains Midstream Canada banner. The combination of these assets provided a solid foundation for growth in Canada and today Plains Midstream Canada has established a solid and growing presence in the midstream oil and LPG businesses —operating and conducting business in five Canadian provinces and more than 40 U.S. states. Plains Midstream Canada provides solutions to logistical challenges in the crude oil and liquefied petroleum gas (LPG) businesses. Plains Midstream's goal is to provide value-added transportation, gathering, marketing, storage and terminalling services to its customers by combining the company's strategically located assets with its extensive marketing and distribution expertise.