Profile: Blue Dolphin Energy Co (BDCO.PK)
28 Jul 2015
Blue Dolphin Energy Company (Blue Dolphin), incorporated on January 21, 1986, is an independent refiner and marketer of petroleum products. The Company operates through two segments: Refinery Operations and Pipeline Transportation. Business activities related to its refinery operations business segment are conducted at the Nixon Facility. Business activities related to its pipeline transportation business segment are primarily conducted in the Gulf of Mexico through the Company's pipeline assets and leasehold interests in oil and gas properties. The Company's customers for its intermediate and finished petroleum products include distributors, wholesalers and refineries primarily in the lower portion of the Texas Triangle, including the Houston - San Antonio - Dallas/Fort Worth area.
The Company's refinery operations consist primarily of approximately 15,000 barrels per day (bpd) crude oil and condensate processing facility that is located in Nixon, Wilson County, Texas (the Nixon Facility). The Company refines crude oil and condensate into finished petroleum products, such as jet fuel, and intermediate petroleum products, such as naphtha, liquefied petroleum gas (LPG) and atmospheric gas oil, at the Nixon Facility. The Nixon Facility consists of a distillation unit, naphtha stabilizer unit, depropanizer unit, approximately 120,000 barrels of crude oil and condensate storage capacity, approximately 178,000 barrels of refined petroleum product storage capacity, and related loading and unloading facilities and utilities. As part of its refinery operations segment, the Company also conducts petroleum storage and terminaling operations under third-party lease agreements at the Nixon Facility. The Company also owns and operates pipeline assets and has leasehold interests in oil and gas properties, which are considered non-core to its business.
The Company's pipeline transportation operations involve the gathering and transportation of oil and natural gas for producers/shippers operating offshore in the vicinity of its pipelines. The Company also has leasehold interests in oil and natural gas properties, in the Gulf of Mexico.
The Company competes with Valero, Chevron, ExxonMobil, Shell and ConocoPhillips.
Blue Dolphin Energy Co
801 Travis St Ste 2100
HOUSTON TX 77002-5705