United States

Profile: Boardwalk Pipeline Partners LP (BWP)

BWP on New York Consolidated

27 Jun 2017
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Boardwalk Pipeline Partners, LP, incorporated on August 4, 2005, is a limited partnership company. The Company's business includes integrated natural gas and natural gas liquids, and other hydrocarbons (referred to together as NGLs) pipeline and storage systems. The Company is engaged in the operation of interstate natural gas and NGLs pipeline systems, and integrated storage facilities, including interstate natural gas pipeline systems located in the Gulf Coast region, Oklahoma, Arkansas and the Midwestern states of Tennessee, Kentucky, Illinois, Indiana and Ohio, and its NGLs pipelines and storage facilities in Louisiana and Texas. The Company conducts business through its subsidiary, Boardwalk Pipelines, LP (Boardwalk Pipelines), and its subsidiaries, Gulf South Pipeline Company, LP (Gulf South), Texas Gas Transmission, LLC (Texas Gas), Gulf Crossing Pipeline Company LLC (Gulf Crossing), Boardwalk Louisiana Midstream, LLC (Louisiana Midstream), Boardwalk Petrochemical Pipeline, LLC (Boardwalk Petrochemical) and Boardwalk Field Services, LLC (Field Services).

The Company serves a range of customers, including producers of natural gas, local distribution companies (LDCs), marketers, electric power generators, industrial users, and interstate and intrastate pipelines. It provides a portion of its pipeline transportation and storage services through firm contracts under which the Company's customers pay monthly capacity reservation charges. As of December 31, 2016, the Company owned and operated approximately 13,930 miles of interconnected natural gas pipelines, directly serving customers in 13 states, and indirectly serving customers throughout the northeastern and southeastern United States through various interconnections with unaffiliated pipelines. As of December 31, 2016, the Company owned and operated over 435 miles of NGLs pipelines in Louisiana and Texas. As of December 31, 2016, the Company's natural gas storage facilities included 14 underground storage fields located in four states with aggregate working gas capacity of approximately 205.0 billion cubic feet (Bcf) and its NGLs storage facilities consisted of nine salt-dome caverns located in Louisiana with an aggregate storage capacity of approximately 24.0 million barrels (MMBbls). As of December 31, 2016, the Company also owned three salt-dome caverns and a brine pond for use in providing brine supply services, and to support the NGLs storage operations.

The principal sources of supply for its natural gas pipeline systems are regional supply hubs and market centers located in the Gulf Coast region, including offshore Louisiana, the Perryville, Louisiana area, the Henry Hub in Louisiana and the Carthage, Texas area. Its pipelines in the Carthage, Texas area, provide access to natural gas supplies from the Barnett and Haynesville Shales, and other natural gas producing regions in eastern Texas and northern Louisiana. The Henry Hub serves as the designated delivery point for natural gas futures contracts traded on the New York Mercantile Exchange. Its pipeline systems also have access to unconventional supplies, such as the Woodford Shale in southeastern Oklahoma, the Fayetteville Shale in Arkansas, the Eagle Ford Shale in southern Texas, and wellhead supplies in northern and southern Louisiana and Mississippi. The Company also receives gas in the Lebanon, Ohio area from the Marcellus and Utica Shales located in the northeastern United States. Its NGLs pipeline systems access the Gulf Coast petrochemical industry through operations at its Choctaw Hub in the Mississippi River corridor area of Louisiana and the Sulfur Hub in the Lake Charles, Louisiana area. It also accesses ethylene supplies at Port Neches, Texas, which the Company delivers to petrochemical-industry customers in Louisiana.

The Company's Gulf South pipeline system is located along the Gulf Coast in the states of Texas, Louisiana, Mississippi, Alabama and Florida. The on-system markets directly served by the Gulf South system are located in eastern Texas, Louisiana, southern Mississippi, southern Alabama and the Florida Panhandle. These markets include LDCs and municipalities located across the system, including New Orleans, Louisiana; Jackson, Mississippi; Mobile, Alabama, and Pensacola, Florida, and other end users located across the system, including the Baton Rouge to New Orleans industrial corridor, and Lake Charles, Louisiana.

As of December 31, 2016, Gulf South had 10 natural gas storage facilities. As of December 31, 2016, its natural gas storage facilities located in Bistineau, Louisiana, and Jackson, Mississippi had approximately 83.5 Bcf of working gas storage capacity from which Gulf South offers firm and interruptible storage service, including no-notice service (NNS), and supports pipeline operations. As of December 31, 2016, Gulf South also owned and operated eight salt-dome natural gas storage caverns in Forrest County, Mississippi, with approximately 46.0 Bcf of total storage capacity, of which approximately 29.6 Bcf was working gas capacity, and owned undeveloped land, which was suitable for up to five additional storage caverns.

The Company's Texas Gas pipeline system is located in Louisiana, East Texas, Arkansas, Mississippi, Tennessee, Kentucky, Indiana and Ohio, with smaller diameter lines extending into Illinois. Texas Gas directly serves LDCs, municipalities and power generators in its market area. As of December 31, 2016, its market area included eight states in the South and Midwest, and consisted of the Memphis, Tennessee; Louisville, Kentucky; Cincinnati and Dayton, Ohio, and Evansville and Indianapolis, Indiana, metropolitan areas. Texas Gas also has indirect market access to, and receives supply from, the Northeast through interconnections with unaffiliated pipelines. As of December 31, 2016, Texas Gas owned nine natural gas storage fields of which it owned the majority of the working and base gas. The Company's Gulf Crossing pipeline system is located near Sherman, Texas, and proceeds to the Perryville, Louisiana area. Its market areas are in the Midwest, Northeast and Southeast, including Florida, through interconnections with Gulf South, Texas Gas and unaffiliated pipelines.

Louisiana Midstream and Boardwalk Petrochemical (collectively Louisiana Midstream) provide transportation and storage services for natural gas, NGLs and ethylene, fractionation services for NGLs, and brine supply services for producers and consumers of petrochemicals through over two hubs in southern Louisiana: the Choctaw Hub in the Mississippi River Corridor area and the Sulfur Hub in the Lake Charles area. As of December 31, 2016, these assets provided approximately 71.4 MMBbls of salt-dome storage capacity, including approximately 7.6 Bcf of working natural gas storage capacity, brine supply infrastructure, and approximately 270 miles of pipeline assets, including an ethylene distribution system. Louisiana Midstream also owns and operates the Evangeline Pipeline (Evangeline). Field Services operates natural gas gathering, compression, treating and processing infrastructure primarily in South Texas.

Company Address

Boardwalk Pipeline Partners LP

9 Greenway Plz Ste 2800
HOUSTON   TX   77046-0926
P: +1866.9132122
F: +1302.6365454

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