Plains GP Holdings Appoints Bobby S. Shackouls of its Board of Directors
January 09, 2014 at 07:30 am EST
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Plains GP Holdings announced that effective January 9, 2014 Bobby S. Shackouls has been appointed as an independent member of its Board of Directors. Mr. Shackouls served as Chairman of Burlington Resources Inc.,from 1997 until its acquisition by ConocoPhillips in 2006, and continued to serve on ConocoPhillips Board of Directors until his retirement in May 2011. Mr. Shackouls currently serves as a director of The Kroger Co.
and Oasis Petroleum. He recently served as a director of the general partner of PAA Natural Gas Storage, L.P. until it was acquired by Plains All American Pipeline, L.P. in December 2013.
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.