Profile: Shell Midstream Partners LP (SHLX.N)
17 May 2019
Shell Midstream Partners, L.P., incorporated on March 19, 2014, is a master limited partnership company, which owns, operates, develops and acquires pipelines and other midstream assets. The Company conducts its operations through its subsidiary, Shell Midstream Operating, LLC. Its assets consist of interests in entities that own crude oil and refined products pipelines serving as key infrastructure to transport onshore and offshore crude oil production to Gulf Coast and Midwest refining markets and to deliver refined products from those markets to demand centers. As of December 31, 2016, it owned interests in seven crude oil pipeline systems, three refined products systems, one natural gas gathering pipeline system and a crude tank storage and terminal system.
The crude oil pipeline systems include the Auger Pipeline System (Auger), held by Pecten Midstream LLC (Pecten), Zydeco Pipeline Company LLC (Zydeco), Odyssey Pipeline LLC (Odyssey), Mars Oil Pipeline Company (Mars), Poseidon Oil Pipeline Company LLC (Poseidon), Proteus Oil Pipeline Company, LLC (Proteus), and Endymion Oil Pipeline Company, LLC (Endymion), are located along the Texas and Louisiana Gulf Coast and in the Gulf of Mexico. These systems link onshore and offshore production areas with key refining markets. The refined products pipeline systems, which are held by Bengal Pipeline Company LLC (Bengal) and Colonial Pipeline Company (Colonial), connect Gulf Coast and southeastern United States refineries to demand centers from Alabama to New York, and Explorer Pipeline Company (Explorer). As of December 31, 2016, Explorer served over 70 cities in 16 states from the Gulf Coast to the Midwest. The crude storage terminal, Lockport Terminal (Lockport), is located southwest of Chicago and serves Midwest refineries.
As of December 31, 2016, Zydeco pipeline system covered over 350 miles and had a mainline capacity of approximately 375 thousand barrels per day (kbpd). Auger is a 174-mile offshore Gulf of Mexico corridor pipeline that transports medium sour crude from producers in eastern Garden Bank and Keathley Canyon blocks. As of December 31, 2016, Auger provided transportation for oil producers and from over 13 different production fields in the Gulf of Mexico. The Odyssey pipeline system is an approximately 106-mile pipeline system for the transportation of crude oil in the offshore eastern Gulf of Mexico to markets in Louisiana. As of December 31, 2016, the Mars pipeline system was approximately 163 miles in length and has 16-, 18- and 24-inch diameter pipelines with mainline capacity of up to 600 kbpd. The Poseidon pipeline system is a 367-mile Gulf of Mexico offshore crude oil pipeline with a 350 kbpd capacity transporting to key markets in Texas and Louisiana. The Proteus pipeline system is a 71-mile crude oil pipeline with a 425 kbpd capacity and provides transportation for multiple oil producers in the eastern Gulf of Mexico.
The Endymion pipeline system is an 89-mile crude oil pipeline with a 425 kbpd capacity and provides transportation for multiple oil producers in the eastern Gulf of Mexico. The Bengal pipeline system is a 159-mile refined products pipeline system connecting four refineries in southern Louisiana to long-haul transportation pipelines. The Colonial pipeline system is a refined products pipeline in the United States based on barrel-miles transported. As of December 31, 2016, Colonial included over 5,500 miles of pipeline connecting refineries along the Gulf Coast to approximately 265 marketing terminals between Houston, Texas and Linden, New Jersey. The Explorer pipeline system is 1,830-mile common carrier petroleum products pipeline system, which extends from the Gulf Coast to the Midwest serving over 70 cities in 16 states. Lockport is a crude terminal facility located southwest of Chicago with two million barrels of storage capacity that feeds regional refineries, while also offering trading opportunities. The Cleopatra pipeline system is a 115-mile gas gathering pipeline and provides gathering and transportation for multiple gas producers and third party gas shippers in Southern Green Canyon, with access to Atwater Valley, Walker Ridge, and Lund areas of the Gulf of Mexico.
The Company competes with Enbridge Inc. and Marathon Petroleum Company.
Shell Midstream Partners LP
150 N Dairy Ashford Rd
HOUSTON TX 77079-1115
Company Web Links
- Shell Midstream's Zydeco volumes volatile with third shipper contract expiration -CEO
- Shell Midstream sees $15 million impact on first quarter income after Zydeco contracts expire
- UPDATE 2-Shell Midstream sees $15 mln impact on Q1 income after Zydeco contracts expire
- Shell's Zydeco pipeline volumes less predictable after contracts expire