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Mar 24, 2000
PAA Adds New Risk Manager
(Houston – March 24, 2000) Plains All American Inc., general partner of Plains All American Pipeline, L.P. (NYSE:PAA) announced today that Mr. Al Lindseth had joined its organization to fill the newly-created position of Risk Manager. Under recently enhanced trading controls and procedures, the position of Risk Manager has direct responsibility and authority for the administration and monitoring of the Partnership’s risk policies and its trading controls and procedures as well as other aspects of the Partnership’s corporate risk management. Mr. Lindseth has been involved in risk management positions since 1993, most recently serving in PricewaterhouseCoopers’ specialty risk management unit. Prior to joining PricewaterhouseCoopers, Mr. Lindseth was with GSC Energy, an Atlanta-based risk management brokerage/consulting firm entirely devoted to commercial energy companies. Mr. Lindseth’s prior activities have included oil, gas and power trading functions. “We are very excited to have Al join our team,” said Phil Kramer, Executive Vice President and Chief Financial Officer of Plains All American Inc. “Al is a high energy, thorough professional with significant knowledge and experience in the areas critical to this position.” Plains All American Pipeline, L.P. is engaged in interstate and intrastate crude oil transportation, terminalling and storage, as well as crude oil gathering and marketing activities, primarily in California, Texas, Oklahoma, Louisiana and the Gulf of Mexico. Plains All American Inc., a wholly owned subsidiary of Plains Resources Inc., holds an effective 54% interest in the Partnership and serves as its General Partner. The Partnership’s common units are traded on the New York Stock Exchange under the symbol “PAA.” Plains Resources Inc.’s common shares are traded on the American Stock Exchange under the symbol “PLX.” The Partnership is headquartered in Houston, Texas.
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