On the Record · Plains ALL American Pipeline

Plains ALL American Pipeline acquisitions, on the record

The businesses Plains ALL American Pipeline bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
acquisitions of midstream assets and businesses Word for word“Since the completion of our initial public offering in 1998, we have completed and integrated over 100 acquisitions with an aggregate purchase price of approximately $14.4 billion, implemented investment capital projects totaling approximately $17.7 billion, returned $18.2 billion to our equity holders, primarily in the form of distributions, and enhanced our credit rating to investment grade from non-investment grade.” 10-K for 2023	acquisition	—	—
non-core assets and/or strategic sales of partial interests in selected assets Word for word“Additionally, since 2016 we have completed more than $4.9 billion of divestitures of non-core assets and/or strategic sales of partial interests in selected assets.” 10-K for 2023	divestiture	since 2016	more than $4.9 billion
Cactus II (additional 5% interest) Word for word“the benefit to the 2022 period of a gain recognized associated with the remeasurement of our previously held 65% interest in Cactus II to fair value in connection with our acquisition of an additional 5% interest in Cactus II in November 2022.” 10-K for 2023	acquisition	November 2022	—
remaining 43% interest in OMOG (acquired by the Permian JV) Word for word“In the third quarter of 2023, we recognized a gain of $29 million related to the Permian JV’s acquisition of the remaining 43% interest in OMOG.” 10-K for 2023	acquisition	third quarter of 2023	—
Keyera Fort Saskatchewan facility Word for word“The net gain on asset sales and asset impairments for the year ended December 31, 2023 was primarily comprised of a gain of approximately $140 million related to the sale of our Keyera Fort Saskatchewan facility in the first quarter of 2023.” 10-K for 2023	divestiture	first quarter of 2023	gain of approximately $140 million
acquisitions from 2016 through December 31, 2023 (excluding Permian JV) Word for word“For example, from 2016 through December 31, 2023, we have completed several acquisitions for an aggregate of approximately $2.7 billion (which figure excludes the value of our Permian JV formed in October 2021), and we have completed asset sales and sales of partial interests in assets to strategic joint venture partners totaling more than $4.9 billion.” 10-K for 2023	acquisition	from 2016 through December 31, 2023	approximately $2.7 billion
Midway Pipeline LLC (remaining 50% interest) Word for word“In the fourth quarter of 2024, we recognized a gain of $15 million related to our acquisition of the remaining 50% interest in Midway Pipeline LLC.” 10-K for 2024	acquisition	fourth quarter of 2024	—
OMOG JV Holdings LLC (remaining 43% interest, acquired by the Permian JV) Word for word“In the third quarter of 2023, we recognized a gain of $29 million related to the Permian JV’s acquisition of the remaining 43% interest in OMOG JV Holdings LLC.” 10-K for 2024	acquisition	third quarter of 2023	—
Delaware Basin gathering system (acquired by the Permian JV) Word for word“The Permian JV acquired an additional Delaware Basin gathering system in January 2025.” 10-K for 2024	acquisition	January 2025	—
Eagle Ford gathering system Word for word“We acquired an additional Eagle Ford gathering system in January 2025.” 10-K for 2024	acquisition	January 2025	—
two additional acquisitions closed in the first quarter of 2025 Word for word“In addition, in the first quarter of 2025, we closed two additional acquisitions for approximately $580 million, net to our interest.” 10-K for 2024	acquisition	first quarter of 2025	approximately $580 million, net to our interest
Keyera Fort Saskatchewan facility ownership interest Word for word“The net gain on asset sales and asset impairments for the year ended December 31, 2023 was primarily related to the sale of our ownership interest in the Keyera Fort Saskatchewan facility in the first quarter of 2023.” 10-K for 2024	divestiture	first quarter of 2023	—
Cactus III Pipeline (formerly the EPIC Crude Oil Pipeline) from EPIC Crude Holdings, LP Word for word“We own and operate the Cactus III Pipeline (formerly the EPIC Crude Oil Pipeline), which we acquired from EPIC Crude Holdings, LP (“EPIC”) in the fourth quarter of 2025.” 10-K for 2025	acquisition	the fourth quarter of 2025	—
Eagle Ford gathering system from Ironwood Midstream Energy Partners II, LLC Word for word“We acquired an additional Eagle Ford gathering system in the first quarter of 2025 from Ironwood Midstream Energy Partners II, LLC (“Ironwood Midstream”).” 10-K for 2025	acquisition	the first quarter of 2025	—
Wildhorse crude terminal Word for word“In January 2026, we acquired the Wildhorse crude terminal, which complements our existing Cushing terminal footprint and adds approximately 4 million barrels of storage capacity adjacent to our existing assets.” 10-K for 2025	acquisition	January 2026	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Goodwill from acquisitions
2017-12-31	$269 million
2020-12-31	$2 million

Deal filings since 2016

2026-09-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-08-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2026-06-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-05-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2026-03-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-12-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-11-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-11-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-11-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2025-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-09-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-06-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-01-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-08-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-08-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-08-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-07-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-09-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-02-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-01-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-21 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-11-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-07-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-02-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-01-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Plains ALL American Pipeline’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.