PAAPlains All American Pipeline, L.P. Common Units

Plains All American Pipeline, L.P. Common Units represent limited partner interests in Plains All American Pipeline, L.P., a publicly traded Delaware limited partnership focused on midstream energy infrastructure. Plains All American Pipeline, L.P. transports, gathers, stores, and markets crude oil and natural gas liquids through an extensive network of pipelines, terminals, storage assets, and related logistics services across the United States and Canada. Its business is organized around crude oil and natural gas liquids operations, supporting the movement of hydrocarbons between producing areas, storage hubs, and end markets. The common units are used by market participants as a way to track and value the partnership’s operating performance and cash distribution profile within the energy infrastructure sector. The asset is based in Houston, Texas, and remains an important part of the North American oil and gas transportation and storage market.