Energy Transfer is a Texas-based company that began in 1995 as a small intrastate natural gas pipeline operator and is now one of the largest and most diversified investment grade master limited partnerships in the United States. Growing from roughly 200 miles of natural gas pipelines in 2002 to more than 83,000 miles of natural gas, natural gas liquids (NGLs), refined products, and crude oil pipelines today. The Energy Transfer family of partnerships remains dedicated to providing exceptional service to its customers and attractive returns to its investors.
Through several transformative transactions, we have expanded our scope of services. While we remain committed to the natural gas industry, we enhanced our diversified portfolio of assets by making a strategic entrance into the NGL business through the acquisition of Louis Dreyfus’ NGL storage, fractionation and transportation operations in 2011. In 2012, we acquired Southern Union Company, a leading diversified natural gas company, which expanded our national footprint and added more than 20,000 miles of gathering and transportation pipelines to our portfolio. We made a strong entrance into the crude oil and refined products business by acquiring Sunoco, Inc. in 2012, including its interest in Sunoco Logistics Partners L.P. (NYSE: SXL). Through the merger with Regency Energy Partners in 2015, we significantly diversified our footprint, both geographically and across business lines. We expanded our reach in the refined products and convenience store business with the acquisition of Susser Holdings Corporation, including its interest in Susser Petroleum Partners LP, (now Sunoco LP - NYSE: SUN). In April 2017, Energy Transfer Partners and Sunoco Logistics Partners merged. And in October 2018, Energy Transfer Equity and Energy Transfer Partners merged. The combined company, now called Energy Transfer LP (NYSE: ET), is one of the largest MLPs by Enterprise Value, with a fully integrated midstream/liquids platform. These acquisitions, together with our already robust asset base, have enabled Energy Transfer to become a premier provider of services to producers and consumers of natural gas, NGLs, crude oil, and refined products.
Today, there are three publicly traded partnerships in the Energy Transfer Family.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company.
Sunoco LP (NYSE: SUN) is a master limited partnership that distributes motor fuel to approximately 9,200 convenience stores, independent dealers, commercial customers and distributors located in more than 30 states. SUN's general partner is owned by Energy Transfer Equity, L.P. (NYSE: ETE). .
For more information, visit the Sunoco LP website at www.sunocolp.com.
USA Compression Partners, LP (NYSE: USAC) is a growth-oriented Delaware limited partnership that is one of the nation's largest independent providers of compression services in terms of total compression fleet horsepower. The Partnership partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. The Partnership focuses on providing compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com
ENERGY TRANSFER OPERATIONS OVERVIEW
We own and operate one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET also owns Lake Charles LNG Company.
Natural Gas operations includes the following:
Approximately 67,300 miles of natural gas pipeline, 160 Bcf of working storage capacity, and more than 60 natural gas processing and treating facilities.
Gathering and processing, compression, treating and transportation of natural gas, focusing on providing midstream services in some of the most prolific natural gas producing regions in the United States, including the Eagle Ford, Haynesville, Barnett, Fayetteville, Marcellus, Utica, Bone Spring and Avalon Shales.
Intrastate Transportation and Storage Segment:
Approximately 8,700 miles of natural gas transportation pipelines with approximately 20 Bcf/d of transportation capacity, 3 storage facilities (located in Texas), and 64 Bcf total working gas storage capacity.
Interstate Transportation and Storage Segment:
Approximately 18,600 miles of interstate natural gas pipelines with approximately 20 Bcf/d of transportation capacity.
More than 40,000 miles of natural gas pipelines, and more than 60 processing, treating and conditioning facilities.
NGL Transportation and Services consists of NGL transportation, storage and fractionation services primarily through Lone Star, in which we have a 100% interest.
Approximately 4,300 miles of NGL transportation pipelines, 3 processing plants, 5 NGL and propane fractionation facilities, and approximately 50 million barrels of NGL storage capacity.
Refined Products Services consist of transportation and terminalling services, as well as acquisition and marketing activities.
Approximately 2,200 miles of refined products pipelines in the northeast, Midwest and southwest US markets, as well as 40 refined products marketing terminals with 8 million barrels of storage capacity.
Crude Oil Transportation and Services including the following:
Crude Oil operations consists of:
An integrated set of pipeline, terminalling, and acquisition and marketing assets that service the movement of crude oil from producers to end-user markets.
Approximately 9,360 miles of crude oil trunk and gathering pipeline, and crude oil terminals with storage capacity of approximately 31,000 barrels.
Corporate and Other operations consists of various operations held by multiple subsidiaries, as described below:
All Other Segment - consists of the following:
Our investment in Sunoco LP;
Our natural gas compression operations;
A 33% non-controlling interest in PES, a refining joint venture;
Our Natural Resources operations;
Our natural gas marketing operations;
The Lake Charles LNG liquefaction project
NGL and Refined Products Transportation and Services includes the following: