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PAA is engaged in interstate and intrastate crude oil transportation, terminalling and storage, as well as crude oil gathering and marketing activities. Plains All American Inc. (a wholly owned subsidiary of Plains Resources Inc.), is the general partner. The Partnership's operations are concentrated in California, Texas, Oklahoma, Louisiana and the Gulf of Mexico. PAA is one of the largest transporters, terminal operators, gatherers and marketers of crude oil in the United States and currently transports, terminals, gathers and markets an aggregate of approximately 650,000 barrels of crude oil per day.
Terminalling and Storage Activities:
We own approximately 9.7 million barrels of terminalling and storage assets. Our terminalling and storage assets include approximately 5.5 million barrels associated with our pipeline and gathering systems, approximately 1.1 million barrels associated with our marine terminals along the Gulf Coast and 3.1 million barrels at our Cushing Terminal.
Gathering and Marketing Activities:
Our gathering and marketing activities are conducted in 23 states; however, the vast majority of those activities are in Texas, Louisiana, California, Illinois and the Gulf of Mexico. These activities include:
- purchasing crude oil from producers at the wellhead and in bulk from aggregators at major pipeline interconnects and trading locations;
- transporting this crude oil on our own proprietary gathering assets or assets owned and operated by third parties when necessary or cost effective;
- exchanging this crude oil for another grade of crude oil or at a different geographic location, as appropriate, in order to maximize margins or meet contract delivery requirements;
- and marketing crude oil to refiners or other resellers.
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