Plains All American Completes Direct Equity Placement

    HOUSTON, June 26 /CNW/ -- Plains All American Pipeline, L.P. (NYSE:   PAA)
announced today that it completed the sale of approximately 6.3 million common
units to a group of institutional and private investors pursuant to the Common
Unit Purchase Agreement dated June 20, 2007.  Net proceeds from the issuance,
including the general partner's proportionate capital contribution and
expenses associated with the issuance were approximately $382.5 million.  The
Partnership now has approximately 116 million common units outstanding.

    Plains All American Pipeline, L.P. is engaged in the transportation,
storage, terminalling and marketing of crude oil, refined products and
liquefied petroleum gas and other natural gas related petroleum products.
Through its 50% equity ownership in PAA/Vulcan Gas Storage, LLC, the
Partnership also develops and operates natural gas storage facilities.
Headquartered in Houston, Texas, the Partnership's common units are traded on
the New York Stock Exchange under the symbol "PAA."

For further information:

For further information: Phil D. Kramer, Executive Vice President and
CFO,  +1-713-646-4560, +1-800-564-3036; or Roy I. Lamoreaux, Manager, Investor
 Relations, +1-713-646-4222, +1-800-564-3036, both of Plains All American 
Pipeline, L.P. Web Site:

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890