Profile: Tesoro Logistics LP (TLLP.K)
27 Aug 2015
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 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 28 crude oil and refined products truck and marine terminals that have over 9 million barrels of storage capacity. In addition, the Company owns and operates four natural gas processing complexes and one fractionation facility.
The Company’s Gathering segment consists of crude oil, natural gas and produced water gathering systems in the North Dakota Williston Basin/Bakken Shale area (Bakken Region) and the Uinta, Vermillion and greater Green River basins. The Company’s High Plains System, located in the Bakken Region, gathers and transports crude oil from various production locations in this area for transportation to Tesoro’s North Dakota refinery and other destinations in the Bakken Region, including export rail terminals and pipelines. As part of its High Plains System, it owns and operates a truck-based crude oil gathering operation.
The Company’s natural gas gathering systems include the Uinta Basin Gathering System and its equity method investment Uintah Basin Field Services, L.L.C. The Uinta Basin Gathering System consists of natural gas gathering systems and compression assets located in northeast Utah, which include approximately 610 miles of low-pressure gathering pipeline and 54,306 brake horsepower (bhp) of natural gas compression. 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 5,360 bhp of gas compression and is operated by the Company. The gathering system has total throughput capacity of approximately 26 Million Cubic Feet (MMcf) per day. In addition, the Company owns approximately 57.8% of QEP Midstream Partners, LP (QEPM), whose assets include ownership interests in four gathering systems and two pipelines regulated by the Federal Energy Regulatory Commission through , which it provides natural gas and crude oil transportation services. QEPM’s gathering systems include Vermillion Gathering System, Williston Gathering System, Green River System and Three Rivers Gathering System.
The Company’s Processing segment consists of four gas processing complexes. The Company’s Processing segment consists of the Vermillion processing complex (Vermillion Complex), the Uinta Basin processing complex (Uinta Basin Complex) and Green River Processing, which owns one fractionation facility and two gas processing complexes, the Blacks Fork processing complex (Blacks Fork Complex) and the Emigrant Trail processing complex (Emigrant Trail Complex). Green River Processing is 60% owned by QEPFS with the remaining 40% interest owned by QEPM. The Vermillion Complex, located in Sweetwater County, Wyoming, consists of two cryogenic processing trains. The Uinta Basin Complex, located in Uintah County, Utah, consists of five separate processing trains with total raw gas inlet processing capacity of 650 MMcf per day. The Blacks Fork Complex, located in Sweetwater and Uinta Counties, Wyoming, consists of three separate gas processing trains with total raw gas inlet processing capacity of 835 MMcf per day and a Natural Gas Liquids (NGL) fractionation facility with total inlet capacity of approximately 15,000 bpd. The Company also owns The Emigrant Trail Complex. The Emigrant Trail Complex, located in Uinta County, Wyoming, consists of one cryogenic gas processing train with total raw gas inlet capacity of approximately 55 MMcf per day.
Terminalling and Transportation
The Company’s Terminalling and Transportation segment consists of 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 (the Northwest Products Pipeline); a regulated common carrier refined products pipeline system connecting Tesoro’s Kenai refinery to Anchorage, Alaska; 24 crude oil and refined products terminals and storage facilities in the western and Midwestern United States; 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 facilities in Salt Lake City and Los Angeles. The Company’s refined products terminals are supplied by Tesoro-owned and third-party pipelines, trucks, and barges. The Company’s marine terminals load and unload vessels, its rail car unloading facility receives crude oil transported on unit trains leased by Tesoro, and its petroleum coke facility handles and stores petroleum coke.
The Company owns and operates a terminal located at Tesoro’s Martinez refinery that includes a three-lane, refined products truck rack, a two-lane, Natural Gas Liquids (NGL) truck facility and an NGL rail loading and unloading facility. The Martinez terminal receives refined products via pipelines from the Martinez refinery, some of , which it blends with renewable fuels before delivery. The Anacortes Rail Facility in Washington includes a four-track unloading platform with two receiving and two departing tracks capable of handling a 100-car unit train and two additional short track spurs. The Company owns and operates three terminals in Idaho, which include terminals located in Boise, Pocatello and Burley. The Company owns and operates a refined products terminal adjacent to Tesoro’s Utah refinery. The Salt Lake City terminal has the ability to receive refined products directly from the refinery via pipeline. The Company’s Washington terminals consist of three terminals located in Vancouver, Pasco and Anacortes. The Company owns and operates a terminal located at Tesoro’s North Dakota refinery in Mandan. The terminal receives product directly from Tesoro’s North Dakota refinery. Alaska terminals consist of two terminals located in Anchorage and Nikiski. The Anchorage terminal is located on property at two adjacent leaseholds within the Port of Anchorage.
Tesoro Logistics LP
19100 Ridgewood Pkwy
SAN ANTONIO TX 78259-1834