Introduction:
JP Energy Partners LP, together with its subsidiaries, owns, operates, develops, and acquires a portfolio of midstream energy assets in the United States. The company operates through three segments: Crude Oil Pipelines and Storage, Refined Products Terminals and Storage, and natural gas liquid (NGL) Distribution and Sales. The Crude Oil Pipelines and Storage segment operates a crude oil pipeline that consists of approximately 148 miles of high-pressure steel pipeline with a capacity of approximately 130,000 barrels per day in the Permian Basin. This segment also owns and operates a crude oil storage facility with an aggregate shell capacity of approximately 3.0 million barrels in Cushing, Oklahoma, as wells as a fleet of approximately 74 crude oil gathering and transportation trucks, and approximately 4 crude oil truck injection stations and terminals. The Refined Products Terminals and Storage segment has an aggregate storage capacity of 1.3 million barrels from two refined products terminals located in North Little Rock, Arkansas and Caddo Mills, Texas. The NGL Distribution and Sales segment engages in the portable cylinder tank exchange business through a network of approximately 21,000 locations, which includes grocery chains, pharmacies, convenience stores, and hardware stores; selling NGLs to retailers, wholesalers, industrial end-users, and commercial and residential customers; and owning a fleet of NGL gathering and transportation operations trucks in the Eagle Ford shale and the Permian Basin. JP Energy GP II LLC operates as the general partner of the company. The company was founded in 2010 and is headquartered in Irving, Texas.