Plains Gp Holdings Lp's

The company competes with other crude oil and NGL pipeline and terminalling companies, NGL processing and fractionation companies, major integrated oil companies and their marketing affiliates, independent gatherers, private equity-backed entities, banks with trading platforms, and brokers and marketers of various sizes and resources. Some competitors possess greater capital resources. The development of new pipelines with minimum volume commitments or acreage dedications may increase competition for purchasing wellhead barrels, particularly in the Permian Basin, which could affect margins.