<PAGE>
-------------------------------
OMB APPROVAL
===============================
OMB Number: 3235-0145
Expires: August 31, 1991
Estimated average burden
hours per response ... 14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Plains All American Pipeline, L.P.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Units
- --------------------------------------------------------------------------------
(Title of Class of Securities)
726503 10 5
----------------------------------------------
(CUSIP Number)
Michael R. Patterson
Senior Vice President
Plains All American Inc.
500 Dallas, Suite 700
Houston, Texas 77002
(713) 654-1414
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
November 23, 1998
----------------------------------------------
(Date of Event which Requires Filing of this
Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
-1-
<PAGE>
SCHEDULE 13D
- ------------------------- ---------------------
CUSIP NO. 726503 10 5 Page 2 of 9 Pages
- ------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Plains Resources Inc. 13-2898764
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO; see Item 3
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
6,974,239 Common Units of Plains All American
OWNED BY Pipeline, L.P.**
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
6,974,239 Common Units of Plains All American
Pipeline, L.P.**
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,974,239 Common Units of Plains All American Pipeline, L.P.**
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
34.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
**Includes 6,974,239 Common Units held by PAAI LLC, an indirect, wholly-owned
subsidiary of Plains Resources Inc. PAAI LLC also holds 10,029,619
subordinated limited partner interests in the Partnership, which may be
converted into an equal number of Common Units upon satisfaction of the
conditions described in the Registration Statement on Form S-1 (333-64107),
incorporated herein by reference.
<PAGE>
SCHEDULE 13D
- ------------------------- ---------------------
CUSIP NO. 726503 10 5 Page 3 of 9 Pages
- ------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Plains All American Inc. 76-0562201
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO; see Item 3
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
6,974,239 Common Units of Plains All American
OWNED BY Pipeline, L.P.**
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
6,974,239 Common Units of Plains All American
Pipeline, L.P.**
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,974,239 Common Units of Plains All American Pipeline, L.P.**
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
34.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
HC
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
**Includes 6,974,239 Common Units held by PAAI LLC, wholly-owned subsidiary of
Plains All American Inc. PAAI LLC also holds 10,029,619 subordinated limited
partner interests in the Partnership, which may be converted into an equal
number of Common Units upon satisfaction of the conditions described in the
Registration Statement on Form S-1 (333-64107), incorporated herein by
reference.
<PAGE>
SCHEDULE 13D
- ------------------------- ---------------------
CUSIP NO. 726503 10 5 Page 4 of 9 Pages
- ------------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PAAI LLC 76-1587114
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [X]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
OO; see Item 3
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
5 [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
U.S.A.
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
6,974,239 Common Units of Plains All American
OWNED BY Pipeline, L.P.**
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
6,974,239 Common Units of Plains All American
Pipeline, L.P.**
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
6,974,239 Common Units of Plains All American Pipeline, L.P.**
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12 [_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
34.8%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
OO; Limited Liability Company
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
**PAAI LLC also holds 10,029,619 subordinated limited partner interests in the
Partnership, which may be converted into an equal number of Common Units upon
satisfaction of the conditions described in the Registration Statement on
Form S-1 (333-64107), incorporated herein by reference.
<PAGE>
Page 5 of 9 Pages
ORIGINAL REPORT ON SCHEDULE 13D
Item 1. Security and Issuer
-------------------
This statement on Schedule 13D is being filed by Plains Resources Inc.,
Plains All American Inc. and PAAI LLC (collectively, the "Reporting Persons"),
who may be deemed to comprise a group under Rule 13d-5(b) of the Securities
Exchange Act of 1934, as amended, (the "Exchange Act"). This statement relates
to the common limited partner interests (the "Common Units"), of Plains All
American, L.P., a Delaware limited partnership (the "Partnership"), which has
its principal executive offices at 500 Dallas, Suite 700, Houston, Texas 77002.
Item 2. Identity and Background
-----------------------
(a) - (c) The information required to be filed in response to paragraphs
(a), (b) and (c) of Item 2 with respect to the Reporting Persons is set forth on
Schedule I.
(d) During the last five years, none of the Reporting Persons have been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of the Reporting Persons have been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which any of such person was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) Plains Resources Inc. and Plains All American Inc. are Delaware
corporations and PAAI LLC is a Delaware limited liability company.
Item 3. Source and Amount of Funds or Other Consideration
-------------------------------------------------
The Reporting Persons acquired beneficial ownership of 6,974,239 Common
Units on November 23, 1998 in exchange for the contribution of certain assets to
the Partnership in connection with the Partnership's initial public offering.
Item 4. Purpose of Transaction
----------------------
The Reporting Persons acquired the Common Units reported herein solely for
the purpose of investment. The Reporting Persons may make additional purchases
of Common Units either in the open market or in private transactions depending
on the Partnership's business, prospects and financial condition, the market for
the Common Units, general economic conditions, money and stock market conditions
and other future developments.
Item 5. Interest in Securities of the Company
-------------------------------------
(a) There were 20,059,239 Common Units outstanding as of November 23, 1998,
the date of the initial public offering. The Reporting Persons are deemed to be
the beneficial owners of 6,974,239 Common Units, which constitute approximately
34.8% of the total issued and outstanding Common Units as of November 23, 1998.
<PAGE>
Page 6 of 9 Pages
(b) The number of Common Units as to which there is sole power to vote or
to direct the vote, sole power to dispose or to direct the disposition, or
shared power to dispose or direct the disposition for the Reporting Persons is
set forth on the cover pages of this Statement on Schedule 13D, and such
information is incorporated herein by reference.
(c) There have been no reportable transactions with respect to the Common
Units within the last 60 days by the Reporting Persons except for the
acquisition of beneficial ownership of units being reported on this Schedule
13D.
(d) The Reporting Persons have the right to receive distributions from, and
the proceeds from the sale of, the respective Common Units reported by such
persons on the cover pages of this Statement on Schedule 13D.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with respect
---------------------------------------------------------------------
to Securities of the Company
----------------------------
The 6,974,239 Common Units acquired by the Reporting Persons were acquired
in a private placement and are restricted securities. Certain transfer
restrictions, voting rights of the Reporting Persons and registration rights
granted by the Partnership and to which the Partnership is entitled are set
forth in the Second Amended and Restated Agreement of Limited Partnership of
the Partnership, a copy of the form of which is included as Appendix A of the
Prospectus constituting part of the Registration Statement on Form S-1 which
has been incorporated by reference to this Schedule 13D.
Item 7. Material to be filed as Exhibits
--------------------------------
Exhibit A: Registration Statement on Form S-1 for Plains All American
Pipeline, L.P. (333-64107) incorporated herein by reference.
Exhibit B: Joint Filing Agreement, dated December 3, 1998.
<PAGE>
Page 7 of 9 Pages
SIGNATURE
---------
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Date: December 3, 1998 Plains Resources Inc.
/s/ Michael R. Patterson
----------------------------
Michael R. Patterson
Vice President
Plains All American Inc.
/s/ Michael R. Patterson
----------------------------
Michael R. Patterson
Senior Vice President
PAAI LLC
By: Plains All American Inc., its sole member
/s/ Michael R. Patterson
----------------------------
Michael R. Patterson
Senior Vice President
<PAGE>
Page 9 of 9 Pages
Exhibit B
Each of the undersigned hereby agrees that the Schedule 13D dated December
3, 1998, to which this Agreement is attached as Exhibit B, and any amendments
thereto, may be filed on behalf of such person.
This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.
Date: December 3, 1998 Plains Resources Inc.
/s/ Michael R. Patterson
----------------------------
Michael R. Patterson
Vice President
Plains All American Inc.
/s/ Michael R. Patterson
----------------------------
Michael R. Patterson
Senior Vice President
PAAI LLC
By: Plains All American Inc., its sole member
/s/ Michael R. Patterson
----------------------------
Michael R. Patterson
Senior Vice President
<PAGE>
Page 8 of 9 Pages
SCHEDULE I
----------
NAME BUSINESS ADDRESS
- ---- ----------------
Plains Resources Inc. 500 Dallas, Suite 700
Houston, Texas 77002
Plains All American Inc. 500 Dallas, Suite 700
Houston, Texas 77002
PAAI LLC 500 Dallas, Suite 700
Houston, Texas 77002
