Quarterlytics / Energy / Oil & Gas Midstream / Crestwood Equity Partners

Crestwood Equity Partners

CEQP · NASDAQ Energy
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Ticker CEQP
Exchange NASDAQ
Sector Energy
Industry Oil & Gas Midstream
Employees 501-1000

Business description

Crestwood Equity Partners LP, a Houston-based company, has established a foothold in the energy midstream sector by developing, acquiring, owning, controlling, and operating assets and operations in the United States. The company is divided into three main segments: Gathering and Processing North; Gathering and Processing South; and Storage and Logistics. Each segment serves different regions and provides a specific set of services to producers. For instance, the Gathering and Processing North segment offers natural gas, crude oil, and produced water gathering, compression, treating, processing, and disposal services to producers in the Williston Basin and Powder River Basin. The segment owns and operates natural gas facilities with approximately 818 MMcf/d of gathering capacity and 775 MMcf/d of processing capacity; crude oil facilities with approximately 250 MBbls/d of gathering capacity and 496,000 Bbls of storage capacity; and produced water facilities with approximately 421 MBbls/d of gathering and disposal capacity. Similarly, the Gathering and Processing South segment provides natural gas gathering, compression, treating, and processing, as well as produced water gathering and disposal services to producers in the Delaware basins. This segment owns and operates natural gas facilities with 1.1 Bcf/d of gathering capacity and 613 MMcf/d of processing capacity; crude oil facilities with approximately 90 MBbls/d of gathering capacity; and produced water facilities with approximately 354 MBbls/d of gathering and disposal capacity. Finally, the Storage and Logistics segment offers natural gas liquids, crude oil, and natural gas storage, terminal, marketing, and transportation services, including rail, truck, and pipeline services, to producers, refiners, marketers, utilities, and other customers. Crestwood Equity GP LLC serves as the general partner of Crestwood Equity Partners LP. The company was formerly known as Inergy L.P. and changed its name to Crestwood Equity Partners LP in October 2013.

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Company facts
TickerCEQP
ExchangeNASDAQ
Sector Energy
Employees501-1000