Genesis Energy, L.P. Operational Update

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.