Genesis Energy, L.P., through its subsidiaries and joint ventures, focuses on the midstream segment of crude oil and natural gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, and in Wyoming and the Gulf of Mexico. Genesis Energy, LLC serves as a general partner for the company. The company has a portfolio of assets, including pipelines, refinery-related plants, storage tanks and terminals, railcars, rail loading and unloading facilities, barges and other vessels, and trucks. The company provides an integrated suite of services to refiners, crude oil and natural gas producers, and industrial and commercial enterprises. It has two distinct, complimentary types of operations, such as its onshore-based refinery-centric operations located primarily in the Gulf Coast region of the U.S., which focus on providing a suite of services primarily to refiners, and its offshore Gulf of Mexico crude oil and natural gas pipeline transportation and handling operations, which focus on providing a suite of services primarily to integrated and large independent energy companies to develop various large-reservoir, long-lived crude oil and natural gas properties. The company’s onshore-based operations occur upstream of, at, and downstream of refinery complexes. Upstream of refineries, it aggregates, purchases, gathers and transports crude oil, which it sells to refiners. Within refineries, it provides services to assist in sulfur removal/balancing requirements. Downstream of refineries, the company provides transportation services, as well as market outlets for finished refined petroleum products and certain refining by-products. In its offshore crude oil and natural gas pipeline transportation and handling operations, the company provides service to active drilling and development regions in the U.S.-the Gulf of Mexico. It has a portfolio of customers, operations and assets, including pipelines, refinery-related plants, storage tanks and terminals, railcars, rail loading and unloading facilities, barges and other vessels, and trucks. All of its revenues are derived from providing services to refiners, integrated and large independent crude oil and natural gas companies, and industrial and commercial enterprises. The company manages its operations through five divisions that constitute its segments. Its offshore crude oil and natural gas pipeline transportation and handling operations consist of its Offshore Pipeline Transportation segment. The company’s onshore-based crude oil and refined petroleum products transportation and handling operations consist of Onshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics segments. Offshore Pipeline Transportation This segment conducts its offshore crude oil and natural gas pipeline transportation and handling operations through its Offshore Pipeline Transportation Segment, which focus on providing a suite of services to integrated and large independent energy companies who make capital investments (often in excess of billions of dollars) to develop large-reservoir, long-lived crude oil and natural gas properties in the Gulf of Mexico, primarily offshore Texas, Louisiana, Mississippi and Alabama. This segment provides services to active drilling and development regions in the U.S.-the Gulf of Mexico, a producing region representing approximately 15% of the crude oil production in the U.S. in 2015. The company also owns pipelines and related infrastructure located offshore in the Gulf of Mexico. In 2015, the company substantially expanded this segment by acquiring the offshore pipeline and services business of Enterprise Products Partners, L.P. and its affiliates. That acquired business, which was complementary to the company’s then existing offshore operations, included interests in approximately 2,350 miles of offshore crude oil and natural gas pipelines and six offshore hub platforms. As of December 31, 2015, the company’s Offshore Pipeline Transportation Segment owned interests in various offshore crude oil and natural gas pipeline systems, platforms and r
genesis energy l.p. (GEL:New York)
Houston, TX 77002
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