Plains All American Pipeline, L.P. and Plains GP Holdings Announces Board Changes
August 17, 2017 at 06:05 am EDT
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Plains All American Pipeline, L.P. and Plains GP Holdings announced that Oscar K. Brown has been appointed by an affiliate of Occidental Petroleum Corporation to serve as its designated representative on the board of Directors of PAA GP Holdings LLC, replacing Ben Figlock. The GP Holdings Board has responsibility for managing the business and affairs of PAA and PAGP. Mr. Brown currently serves as Senior Vice President, Corporate Strategy and Development, at Occidental.
He joined Occidental in August 2016 from Bank of America Merrill Lynch, where he most recently served as managing director and Co-head of Americas Energy Investment Banking.
Plains GP Holdings, L.P. is a limited partnership. The Company owns and operates critical midstream infrastructure systems that connect various producing regions to key demand centers and export terminals. The Company operates through two segments: Crude Oil and Natural Gas Liquids (NGL). The Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines, gathering systems, trucks and at times on barges or railcars, in addition to providing terminalling, storage and other related services utilizing its integrated assets across the United States and Canada. The NGL segment operations involve natural gas processing and NGL fractionation, storage, transportation and terminalling. The NGL segment is engaged in providing gathering, fractionation, storage, and/or terminalling services to third-party customers for a fee, extracting NGL mix from the gas stream processed at its Empress straddle plant facility as well as acquiring NGL mix.