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A diversified midstream energy partnership specializing in water management and logistics for crude oil and liquids.
The company operates as a diversified midstream energy partnership, specializing in the transportation, treatment, recycling, and disposal of produced and flowback water generated by oil and natural gas production. It has three main segments: Water Solutions, which provides water management services; Crude Oil Logistics, which focuses on the purchase and transportation of crude oil; and Liquids Logistics, which deals with the distribution of natural gas liquids and refined petroleum products across the US and Canada. The business model hinges on long-term contracts and fixed fee structures to ensure stable cash flows and minimize exposure to commodity price fluctuations.
With a focus on strategic growth, the company has implemented repositioning strategies to enhance its financial profile and operational capabilities. It operates in the most productive oil and gas regions, leveraging a network of pipelines, storage facilities, and treatment plants to solidify its market presence. The company aims to maintain profitability and expand through careful management of its assets, capital investments, and customer relationships while adhering to safety and regulatory standards.
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