Crestwood Equity Partners LP (CEQP)
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Crestwood Equity Partners LP Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Robert G. Phillips CEO | NYSE Exchange | 226344208 CUSIP |
| US Country | 753 Employees | - Last Dividend | 24 Nov 2015 Last Split | - IPO Date |
Overview
Crestwood Equity Partners LP (CEQP) is a prominent U.S.-based energy infrastructure firm that specializes in the midstream sector of the energy industry. The company is dedicated to developing, acquiring, owning, and managing vital assets that facilitate the efficient transport and processing of energy resources. Crestwood’s operations are divided into three main business segments: Gathering and Processing North, Gathering and Processing South, and Storage and Logistics.
The Northern Gathering and Processing segment primarily serves producers in the Williston and Powder River Basins, providing a range of services associated with natural gas, crude oil, and produced water. This division is characterized by its robust infrastructure, enabling significant processing and gathering capacities. Conversely, the Southern Gathering and Processing segment focuses on producers in the Marcellus, Barnett, and Delaware basins, enhancing the company's overall service capability in the energy market.
Additionally, the Storage and Logistics segment plays a vital role in managing the storage, terminaling, marketing, and transportation of natural gas liquids (NGLs), crude oil, and natural gas through various transport modes. The diverse client base includes producers, refiners, marketers, utilities, and numerous industry players. Crestwood is headquartered in Houston, Texas, and operates under the general partnership of Crestwood Equity GP LLC. Established in 2001, the company was rebranded from Inergy L.P. to its current name in October 2013.
Products and Services
- Gathering and Processing North
This division serves producers in the Williston and Powder River Basins, providing comprehensive services for natural gas, crude oil, and produced water. The segment's infrastructure includes natural gas gathering capabilities of approximately 0.4 Bcf/day and processing capacity of 0.5 Bcf/day. Additionally, it manages a crude oil gathering capacity of 150,000 Bbls/day and offers storage for 266,000 Bbls. The produced water facilities can gather and dispose of about 130,000 Bbls/day, ensuring efficient management of byproducts.
- Gathering and Processing South
This segment caters to producers in the major basins of Marcellus, Barnett, and Delaware. Its portfolio primarily focuses on the gathering, compression, treatment, and processing of natural gas, alongside the gathering and disposal of produced water. The infrastructure includes a natural gas gathering capacity of 2.5 Bcf/day and processing capacity of 0.7 Bcf/day. The produced water assets handle roughly 75,000 Bbls/day, ensuring environmentally responsible water management.
- Storage and Logistics
This segment is essential for the storage, terminaling, marketing, and transportation of NGLs, crude oil, and natural gas. Utilizing a multimodal approach, the transportation services include rail, truck, and pipeline methods, enhancing service delivery throughout the industry. The diverse client base supported includes producers, refiners, marketers, utilities, and various other stakeholders across the energy landscape.
