Company: PAGP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001581990-25-000006
Chunk: 388

Company: PLAINS GP HOLDINGS LP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 388
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 venture and UJI arrangements with long-term partners throughout the industry value chain spanning across multiple North American basins. We believe that these capital-efficient arrangements provide strategic alignment with long-term industry partners while adding volume commitments to our systems and improving returns.

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Table of ContentsIndex to Financial Statements

The following table summarizes our significant joint ventures as of December 31, 2024: 

Entity Type of OperationJoint VentureOwnershipPercentageBridgeTex Pipeline Company, LLCCrude Oil Pipeline20%Cactus II Pipeline LLC (2)Crude Oil Pipeline (1)70%Capline Pipeline Company LLCCrude Oil Pipeline54%Diamond Pipeline LLCCrude Oil Pipeline (1)50%Eagle Ford Pipeline LLCCrude Oil Pipeline (1)50%Eagle Ford Terminals Corpus Christi LLC Crude Oil Terminal and Dock (1)50%Plains Oryx Permian Basin LLC (2)Crude Oil Pipelines and Related Assets (1)65%Red River Pipeline Company LLC (2) (3)Crude Oil Pipeline (1)67%Saddlehorn Pipeline Company, LLC (3)Crude Oil Pipeline40%White Cliffs Pipeline, L.L.C.Crude Oil Pipeline36%Wink to Webster Pipeline LLC (3)Crude Oil Pipeline17%

(1)Assets are operated by Plains.

(2)We consolidate the entity based on control, with our partner’s interest accounted for as a noncontrolling interest.

(3)Entity owns a UJI in the crude oil pipeline.

The following table summarizes our significant UJIs as of December 31, 2024, excluding UJIs that are indirectly owned by us through joint ventures (e.g., Wink to Webster, Saddlehorn and Red River joint ventures):

AssetType ofOperationUJIOwnershipPercentageBasin Pipeline (1)Crude Oil Pipeline87%Fort Saskatchewan NGL Storage (2)NGL Facility48%Kerrobert Storage and Pipeline Assets (1)NGL Pipeline and Facility50%Sarnia NGL Storage and Fractionation (2)NGL Facility61% to 85%Sunrise II Pipeline (1)Crude Oil Pipeline80%

(1)Asset is operated by Plains.

(2)Certain of these assets are operated by Plains.

Acquisitions and Divestitures

Since PAA’s initial public offering in 1998, the acquisition of midstream assets and businesses has been an important component of our business strategy. On a regular basis, we