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GEL Stock - Genesis Energy LP


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Genesis Energy, L.P. operates within the midstream sector of the crude oil and natural gas industry, managing a diversified portfolio of segments that encompass offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. The Offshore Pipeline Transportation segment is actively involved in transporting and handling crude oil and natural gas via offshore pipelines, particularly in the southern Keathley Canyon area of the Gulf of Mexico. With ownership interests in approximately 1,422 miles of crude oil pipelines offshore, Genesis Energy plays a pivotal role in facilitating deepwater pipeline servicing.

In its Sodium Minerals and Sulfur Services segment, the company provides essential sulfur-extraction services to refining operations, supporting ten refining facilities. Additionally, it operates storage and transportation assets, supplying sodium hydrosulfide and caustic soda to industrial and commercial entities engaged in base metal mining activities. The segment's operations underscore its critical role in the chemical supply chain and industrial processes.

Genesis Energy's Onshore Facilities and Transportation segment delivers comprehensive services to Gulf Coast crude oil refineries and producers, encompassing the purchase, transportation, storage, blending, and marketing of crude oil and refined products. With a robust infrastructure comprising trucks, trailers, railcars, terminals, and tankage facilities boasting 4.2 million barrels of storage capacity along the Gulf Coast, the segment ensures efficient logistics and distribution.

Furthermore, the company's Marine Transportation segment specializes in the waterborne transportation of petroleum and crude oil throughout North America. Operating a fleet that includes 91 barges with a combined transportation capacity of 3.2 million barrels, along with 42 push/tow boats, Genesis Energy enhances its capabilities in maritime logistics. Headquartered in Houston, Texas, and founded in 1996, Genesis Energy, L.P. continues to expand its footprint and strengthen its position as a leading provider of midstream energy solutions, driven by innovation and operational excellence in the dynamic energy landscape.

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Stock Sector: Energy: Oil & Gas Pipelines

 

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