Genesis Energy, L.P. Operational Update
HOUSTON–(BUSINESS WIRE)–Due to Hurricane Harvey, Genesis Energy, L.P. has experienced minimal
operational disruptions that are temporary in nature. During this time,
our number one focus has been on the safety of our employees and our
operations. In advance of the hurricane, Genesis started making
preparations to limit the disruption of service to customers which
included the following actions:
-
Diverting production from Cameron Highway Oil Pipeline System (CHOPS)
to Poseidon, -
Moving the Pipeline and Terminal Operations Control Center control
room to Austin, TX, and - Moving the Marine Control and Dispatch to Ruston, LA.
Due to the hurricane, Genesis has had several discrete short-term
effects to offshore operations, the most significant of which was to
CHOPS. As a result, approximately 30-35% of volumes were diverted from
CHOPS to Poseidon with remaining volumes temporarily shut-in. Genesis
expects to resume operations on CHOPS potentially as early as this
afternoon. At this point, all operational impacts are expected to be
short-term and to have less than a 2% effect on our otherwise expected
quarterly results with no lasting effects.
CEO, Grant Sims, said: “We have been following the storm closely, and we
expect CHOPS to resume full operations within 12 hours of getting
employees safely to the platform which could be as early as this
afternoon. We continue to work closely with our customers in the Gulf of
Mexico to keep a minimum impact on production flowing to refineries. As
always, our focus continues to be on the safety of our employees and
upholding our commitment to safe, reliable, and responsible operations.”
Genesis Energy, L.P. is a diversified midstream energy master limited
partnership headquartered in Houston, Texas. Genesis’ operations include
offshore pipeline transportation, onshore facilities and transportation,
refinery services and marine transportation. Genesis’ operations are
primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama,
Florida, Wyoming and the Gulf of Mexico.
Contacts
Genesis Energy, L.P.
Bob Deere, 713-860-2516
Chief Financial
Officer