Stock Report: Genesis Energy L.P. (GEL) Report Updated: May 20, 2013 | Print This Page

Genesis Energy, L.P. operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States. It operates through three divisions: Pipeline Transportation, Refinery Services, and Supply and Logistics. The Pipeline Transportation division is involved in the transportation of crude oil and carbon dioxide (CO2). It owns interests in 3 onshore crude oil pipeline systems with approximately 460 miles of pipe located primarily in Alabama, Florida, Mississippi, and Texas; and interests in various offshore crude oil pipeline systems with approximately 1,050 miles of pipe located offshore in the Gulf of Mexico; and interests in 2 CO2 pipelines with approximately 270 miles of pipe. The Refinery Services division engages in the processing of high sulfur gas streams to remove sulfur for refineries principally in Texas, Louisiana, Arkansas, and Utah. It also sells the related by-product sodium hydrosulfide and caustic soda to industrial and commercial companies involved in the mining of copper, molybdenum and other base metals, and in the production of pulp and paper. The Supply and Logistics division provides services primarily to Gulf Coast oil and gas producers and refineries through a combination of purchasing, transporting, storing, blending, and marketing of crude oil and refined products, such as fuel oil, asphalt, and other heavy refined products. This segment operates a suite of approximately 250 trucks, 350 trailers, and terminals and other tankage with 1.5 million barrels of storage capacity in various locations along the Gulf Coast; 50 barges with a combined transportation capacity of 1.5 million barrels of heavy refined products; and 22 push/tow boats. Genesis Energy, LLC serves as a general partner of the company. Genesis Energy, L.P. was founded in 1996 and is headquartered in Houston, Texas.