Plains All American Pipeline Company Research Report
Company Overview
- Name: Plains All American Pipeline
- Mission of the Company: No information is available.
- Year Founded: 1981
- Founder: Plains began as a small oil and gas exploration and production company called Plains Resources.
- Key People: No information is available.
- Headquarters: 333 Clay Street, Suite 1600, Houston, TX 77002
- Number of Employees: More than 4,200 employees in the U.S. and Canada
- Revenue: No information is available.
- Known For: Plains is one of the largest midstream energy companies in North America. It manages the transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) and provides logistics services in major North American market hubs.
Products
Crude Oil
- Description: The operations involve gathering and transporting crude oil using pipelines, gathering systems, trucks, and railcars, as well as terminalling, storage, and related services.
- Key Features:
- 18,075 miles of active crude oil pipelines and gathering systems
- 72 million barrels of commercial crude oil storage capacity
- 39 million barrels of active, above-ground tank capacity
- 4 marine facilities
- 1 condensate processing facility
- 7 crude oil rail terminals
- 2,100 crude oil railcars
- 720 trucks and 1,440 trailers
Natural Gas Liquids (NGL)
- Description: The operations involve processing, fractionating, storing, and transporting NGLs utilizing an integrated network of assets.
- Key Features:
- 4 natural gas processing facilities
- 8 fractionation plants
- 28 million barrels of NGL storage capacity
- 1,620 miles of active NGL pipelines
- 16 NGL rail terminals
- 4,100 NGL rail cars and 220 trailers
Recent Developments
- Recent Developments: No specific recent developments are mentioned.
- New Products Launched: No information is available.
- New Features Added to Existing Products: No information is available.
- New Partnerships: No information is available.
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Corporate Social Responsibility & Sustainability Initiatives
- Sustainability: Plains emphasizes responsible energy transport, ensuring the safety of its workforce, the environment, and communities, and aligning with various sustainability goals.
- Community Investment: Significant community involvement through donations, the CARE program, funding education, health, safety, and environmental protection. In 2023, over $3.5 million invested in projects addressing local community needs.
- Environmental Stewardship: Commitment to reducing emissions, enhancing biodiversity, and employing practices to avoid undue environmental impacts.
Risk Management and Safety Initiatives
- Operational Safety: Commitment to zero incidents with initiatives like Plains Life Rules, Stop Work Authority, and comprehensive Health and Safety Management Program to protect employees and communities.
- Asset Integrity: Ensures the maintenance and safety of pipelines and facilities via regular inspections and integrity management systems.
- Emergency Management: A detailed Emergency Management Program designed to respond effectively to incidents and emergencies.
Conclusion
Plains All American Pipeline operates as one of North America's largest midstream service providers, known for its extensive infrastructure and logistics services in crude oil and NGL sectors. It maintains a strong commitment to environmental stewardship, safety, and community engagement through various initiatives and sustainability strategies.
