Profile: Tesoro Logistics LP (TLLP.K)
29 Jul 2016
Tesoro Logistics LP (TLLP), incorporated on December 3, 2010, owns, operates, develops and acquires logistics assets. TLLP is a logistics company operating primarily in the western and mid-continent regions of the United States. The Company operates through three segments: Gathering, Processing, and Terminalling and Transportation. The Company owns and operates networks of over 3,500 miles of crude oil, refined products and natural gas pipelines and over 25 crude oil and refined products truck and marine terminals that have over 15 million barrels of storage capacity. In addition, the Company owns and operates approximately four natural gas processing complexes and over one fractionation facility.
The Company's gathering systems include crude oil and natural gas pipeline gathering systems in the Bakken Shale/Williston Basin area of North Dakota and Montana (the Bakken Region) and the Green River Basin, Uinta Basin and Vermillion Basin in the states of Utah, Colorado and Wyoming (the Rockies Region), including a common carrier crude oil gathering and transportation system in North Dakota and Montana (the High Plains System); the Williston Gathering System, which consists of a crude oil and natural gas gathering system located in the Williston Basin, North Dakota; the Uinta Basin Gathering System, which consists of natural gas gathering systems and compression assets located in northeastern Utah; the Green River System, which consists of an integrated natural gas gathering and transportation system; the Vermillion Gathering System, which consists of natural gas gathering and compression assets located in Southern Wyoming, northwest Colorado and northeast Utah; approximately 50% equity method investment in Three Rivers Gathering, which transports natural gas to its natural gas processing facilities, located in the Uinta Basin, and approximately 40% equity method investment in Uintah Basin Field Services, which operates gathering pipeline and gas compression assets located in the southeastern Uinta Basin. Uintah Basin Field Services is a joint venture between QEP Field Services, LLC (QEPFS), Discovery Natural Resources LLC and Ute Energy Midstream Holdings, LLC that was formed to allow the partners to jointly develop the natural gas gathering infrastructure within a defined area of mutual interest located in the southeastern Uinta Basin. The gathering system consists of approximately 100 miles of gathering pipeline and over 2,370 Brake horsepower (Bhp) of gas compression and is operated by the Company. The gathering system has total throughput capacity of approximately 120 Million Cubic Feet (MMcf) per day.
The Company's Processing segment consists of Vermillion processing complex (Vermillion Complex), the Uinta Basin processing complex (Uinta Basin Complex), the Blacks Fork processing complex (Blacks Fork Complex) and the Emigrant Trail processing complex (Emigrant Trail Complex). The Vermillion Complex, located in Sweetwater County, Wyoming, consists of over two cryogenic processing trains. A portion of the natural gas volumes that it has gathered at the Vermillion Complex are made available to the Company pursuant to certain natural gas gathering agreements with several producer customers. The plant receives the majority of its gas from the Vermillion sub-basin in southern Wyoming and northwest Colorado. The Uinta Basin Complex, located in Uintah County, Utah, consists of approximately five separate processing trains with raw gas inlet processing capacity. The Uinta Basin Complex receives the majority of its gas from various natural gas fields located in the Uinta Basin. The Blacks Fork Complex, located in Sweetwater and Uinta Counties, Wyoming, consists of over three separate gas-processing trains and a NGL fractionation facility. The Blacks Fork Complex receives the majority of its gas from various gas fields located in the Green River Basin of western Wyoming. The Emigrant Trail Complex, located in Uinta County, Wyoming, consists of over one cryogenic gas processing train. The Emigrant Trail Complex receives the majority of its gas from various gas fields located in the Green River Basin of western Wyoming.
Terminalling and Transportation
The Company's Terminalling and Transportation segment consists of the Northwest Products Pipeline, which includes a regulated common carrier products pipeline running from Salt Lake City, Utah to Spokane, Washington and a jet fuel pipeline to the Salt Lake City International Airport; a regulated common carrier refined products pipeline system connecting Tesoro's Kenai refinery to Anchorage, Alaska, and over 25 crude oil and refined products terminals and storage facilities in the western and midwestern United States; over four marine terminals in California; a rail-car unloading facility in Washington; a petroleum coke handling and storage facility in Los Angeles, and other pipelines, which transport products and crude oil from Tesoro's refineries to nearby facilities in Salt Lake City and Los Angeles. Its Terminalling consists of California Marine Terminals, California Terminals and Storage Facilities, Idaho Terminals, Utah Terminal, Washington Terminals and Storage Facilities, North Dakota Terminal, Alaska Terminals and Carson California Petroleum Coke Handling and Storage Facility. The California marine terminals consist of over four marine terminals and a marine storage facility that support Tesoro's Los Angeles refinery, Tesoro's Martinez refinery and third parties. It owns and operates over 10 terminals in Southern California, including approximately three storage facilities. It owns and operates over three terminals in Idaho, which include terminals located in Boise, Pocatello and Burley. It owns and operates a refined products terminal adjacent to Tesoro's Utah refinery. Its Washington terminals consist of over three terminals located in Vancouver, Pasco and Anacortes. It owns and operates a refined products terminal located at Tesoro's North Dakota refinery in Mandan. Its Alaska terminals consist of over two terminals located in Anchorage and Nikiski. It also operates a coke handling and storage facility adjacent to Tesoro's Los Angeles refinery.
Tesoro Logistics LP
19100 Ridgewood Pkwy
SAN ANTONIO TX 78259-1834
Company Web Links
- BRIEF-Tesoro Logistics to acquire Alaska Storage and terminalling assets from Tesoro Corp
- BRIEF-Tesoro Logistics announces pricing of its public offering of 5.5 mln units
- BRIEF-Tesoro Logistics commences public offering of 4.25 mln units
- BRIEF-Tesoro Logistics to offer units representing limited partner interests - SEC filing
- BRIEF-Tesoro Logistics to offer $250 mln senior notes due 2021