Plains All American Acquires Canadian Pipeline Asset

Plains All American Pipeline's subsidiary, Plains Marketing Canada, L.P., has acquired the Joarcam Pipeline System from Joarcam Pipeline, LLC and SES Equities, Ltd. The effective date for the transaction was January 31, 2005.

The Joarcam Pipeline System is comprised of approximately 36 miles of 6-inch gathering and mainline crude oil pipelines. The system, which has a current operating capacity of approximately 7,500 barrels per day, originates at Camrose, Alberta and delivers crude oil into the Enbridge Pipeline at Edmonton.

"This acquisition is notable as it gives us our first direct pipeline transportation route to the Edmonton market hub," said W. David Duckett, President of Plains Marketing Canada, L.P. "We believe that this asset will enable us to better serve our customers in the area." Duckett also indicated that the purchase price for the transaction was undisclosed, but in the aggregate did not exceed $10 million, including additional capital required. After completion of the anticipated modifications and enhancements, the pipeline is expected to have an operating capacity of approximately 13,000 barrels per day.

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