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Last $44.39 USD
Change Today -0.41 / -0.92%
Volume 363.6K
GEL On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

919 Milam

Suite 2100

Houston, TX 77002

United States

Phone: 713-860-2500

Fax:

Genesis Energy, L.P., through its subsidiaries and joint ventures, focuses on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming, and in the Gulf of Mexico. Genesis Energy, LLC serves as a general partner for the company. The company provides an integrated suite of services to oil producers, refineries, and industrial and commercial enterprises. Its business activities are primarily focused on providing services around and within refinery complexes. Upstream of the refineries, the company provides gathering and transportation of crude oil. Within the refineries, the company provides services to assist in their sulfur balancing requirements. Downstream of refineries, the company provides transportation services, as well as market outlets for their finished refined products. The company 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 trucks. The company serves integrated oil companies, large independent oil and gas or refinery companies, and large industrial and commercial enterprises. Segments The company manages its businesses through five divisions that constitute its segments: Onshore Pipeline Transportation, Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. Onshore Pipeline Transportation segment This segment includes crude oil pipelines and CO2 (carbon dioxide) pipelines. Crude Oil Pipelines Onshore Crude Oil Pipelines The company owns four onshore crude oil pipeline systems, with approximately 500 miles of pipe located primarily in Alabama, Florida, Louisiana, Mississippi, and Texas. The Federal Energy Regulatory Commission (FERC) regulates the rates charged by three of the company’s onshore systems to their customers. The rates for the other onshore pipeline are regulated by the Railroad Commission of Texas. The company owns and operates four onshore common carrier crude oil pipeline systems, such as the Texas System, the Jay System, the Mississippi System, and the Louisiana System. Texas System: The company’s Texas System transports crude oil from West Columbia to various delivery points near Houston, Texas. The company earns a tariff for its transportation services, with the tariff rate per barrel of crude oil varying with the distance from injection point to delivery point. Jay System: The company’s Jay System provides crude oil shippers access to refineries, pipelines and storage near Mobile, Alabama. That system also includes gathering connections to approximately 43 wells; additional oil storage capacity of 20,000 barrels in the field; an interconnect with its Walnut Hill rail facility; a delivery connection to a refinery in Alabama; and an interconnection to another common carrier pipeline that delivers crude oil into Mississippi. Mississippi System: The company’s Mississippi System provides shippers of crude oil in Mississippi indirect access to refineries, pipelines, storage, terminals, and other crude oil infrastructure located in the Midwest. That system is adjacent to various oil fields that are in various phases of being produced through tertiary recovery strategy, including CO2 injection and flooding. The company provides transportation services on its Mississippi pipeline through an ‘incentive’ tariff. Louisiana System: The company’s Louisiana System transports crude oil from Port Hudson to the Baton Rouge Scenic Station and continues downstream to the Anchorage Tank Farm servicing Exxon Mobil Corporation's Baton Rouge refinery. This refinery is one of the largest refinery complexes in North America, with approximately 500,000 barrels per day of refining capacity. This pipeline system was completed in 2014 and Scenic Station became operational in July 2014. CO2 Pipelines The company owns two CO2 pipelines with approximately 270 miles of pipe. The company has leased its Northeast Jackson Dome Pipeline System, including 183 miles of pipe in North

 

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