Profile: Blue Dolphin Energy Co (BDCO.PK)
23 Sep 2016
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. As part of its refinery business segment, it conducts petroleum storage and terminaling operations under third-party lease agreements at the Nixon Facility.
The Company's primary asset is an approximately 15,000 barrels per day (bpd) crude oil and condensate processing facility that is located in Nixon, 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), heavy oil-based mud blendstock (HOBM) and atmospheric gas oil (AGO), at the Nixon Facility. The Nixon Facility is situated on approximately 60 acres in Nixon, Wilson County, Texas. The Nixon Facility consists of a distillation unit, naphtha stabilizer unit, depropanizer unit, approximately 398,000 barrels of crude oil, condensate, and refined petroleum product storage capacity, as well as related loading and unloading facilities, and utilities. The customers for its refined petroleum products include distributors, wholesalers and refineries primarily in the lower portion of the Texas Triangle (the Houston - San Antonio - Dallas/Fort Worth area).
The Company's pipeline transportation operations involve the gathering and transportation of oil and natural gas for producers/shippers operating offshore near its pipelines. It also holds 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