Thursday, July 17, 2014

Greg L. Armstrong: PAA CEO

Greg L. Armstrong graduated from the Southeastern Oklahoma State University with a degree in accounting and management. Greg is also a Certified Public Accountant. He has been with Plains All American Pipeline (PAA) or its predecessors since 1981.

Greg among other positions held was Corporate Secretary of Plains Resources Inc. from 1981 to 1988. He served as Vice President and Chief Financial Officer from 1984 to 1991. Greg had been the President and Chief Executive Officer of Plains Resources, Inc. from October 1992 to May 2001.

Since January 2010 Greg has been the Chairman and Chief Executive Officer of PNGS GP LLC and General Partner of PAA Natural Gas Storage, LLC. Plains All American Pipeline L.P. is a publicly traded master limited partnership which completed its IPO in 2010. Greg is the CEO of this firm. 

PAA gets majority of its revenue from the transportation, storage, terminalling and marketing of crude oil and refined products. Under Greg’s management, PAA has greatly enlarged its influence in natural gas storage, acquiring the remaining 50 percent interest in PAA Natural Gas Storage in 2009.

Greg sees the big role and demand natural gas will have in the country and is taking the necessary steps so that PAA can greatly profit from the situation. 

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