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Noble Midstream Partners Lp's Business Segments
Noble Midstream Partners Lp's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2021
Reportable Segments
2
Largest Segment
Gathering Systems
Total Revenue
$ 278
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2021
- Gathering Systems92.3%
- Fresh Water Delivery7.7%
Revenue by Reportable Segment - Q1 FY2021
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Gathering Systems | $ 257 | 92.3% |
| Fresh Water Delivery | $ 21 | 7.7% |
Revenue by Product & Service Category - Q1 FY2021
- Crude Oil Sales57.6%
- Midstream Services - Third Party8.2%
Revenue by Product & Service Category - Q1 FY2021
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Crude Oil Sales | $ 160 | 57.6% |
| Midstream Services - Third Party | $ 23 | 8.2% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Noble Midstream Partners Lp
Noble Midstream Partners LP is a master limited partnership (MLP) that is engaged in the acquisition, development, and operation of midstream energy infrastructure assets in the United States. The company was formed in 2014 and is headquartered in Houston, Texas.
The company's assets include pipelines, gathering systems, crude oil storage facilities, and other midstream infrastructure that provide essential transportation, storage, and processing services for the oil and gas industry. Noble Midstream Partners LP primarily operates in the prolific oil and gas producing regions of the DJ Basin in Colorado and the Delaware Basin in Texas.
The company's parent company, Noble Energy Inc., is a leading independent energy company that specializes in exploration and production of natural gas and crude oil. Noble Midstream Partners LP was created to provide midstream services to Noble Energy's upstream operations, as well as to other customers in the same regions.
Noble Midstream Partners LP has a strong balance sheet, with a debt-to-equity ratio that is below the industry average. The company has a diverse customer base, which includes Noble Energy as well as other producers in the regions where it operates. These factors should provide a stable source of revenue for the company, regardless of fluctuations in oil and gas prices.
The company has a proven track record of growth, both through acquisitions and organic expansion. For instance, in 2018, Noble Midstream Partners LP acquired a 30% stake in the EPIC Crude Oil Pipeline that runs from the Permian Basin in West Texas to the Gulf Coast. In addition, the company has invested in new gathering systems and oil and gas processing plants to serve its customers' needs.
Noble Midstream Partners LP is committed to environmental and safety stewardship. The company has implemented rigorous safety protocols and invests heavily in maintaining the integrity of its pipelines and other assets. Noble Midstream Partners LP also takes steps to reduce its environmental impact, such as reducing its methane emissions.
In summary, Noble Midstream Partners LP is a well-capitalized, growth-oriented MLP that provides essential midstream services to the oil and gas industry. The company's strategic partnership with Noble Energy, coupled with a diversified customer base, positions it for continued success in the coming years.
The company's assets include pipelines, gathering systems, crude oil storage facilities, and other midstream infrastructure that provide essential transportation, storage, and processing services for the oil and gas industry. Noble Midstream Partners LP primarily operates in the prolific oil and gas producing regions of the DJ Basin in Colorado and the Delaware Basin in Texas.
The company's parent company, Noble Energy Inc., is a leading independent energy company that specializes in exploration and production of natural gas and crude oil. Noble Midstream Partners LP was created to provide midstream services to Noble Energy's upstream operations, as well as to other customers in the same regions.
Noble Midstream Partners LP has a strong balance sheet, with a debt-to-equity ratio that is below the industry average. The company has a diverse customer base, which includes Noble Energy as well as other producers in the regions where it operates. These factors should provide a stable source of revenue for the company, regardless of fluctuations in oil and gas prices.
The company has a proven track record of growth, both through acquisitions and organic expansion. For instance, in 2018, Noble Midstream Partners LP acquired a 30% stake in the EPIC Crude Oil Pipeline that runs from the Permian Basin in West Texas to the Gulf Coast. In addition, the company has invested in new gathering systems and oil and gas processing plants to serve its customers' needs.
Noble Midstream Partners LP is committed to environmental and safety stewardship. The company has implemented rigorous safety protocols and invests heavily in maintaining the integrity of its pipelines and other assets. Noble Midstream Partners LP also takes steps to reduce its environmental impact, such as reducing its methane emissions.
In summary, Noble Midstream Partners LP is a well-capitalized, growth-oriented MLP that provides essential midstream services to the oil and gas industry. The company's strategic partnership with Noble Energy, coupled with a diversified customer base, positions it for continued success in the coming years.
Noble Midstream Partners LP is recognized as a key player in the midstream energy sector, focusing on the infrastructure that supports the transportation, processing, and storage of hydrocarbons and natural resources. Here’s an extensive breakdown of their segments, products, and services, demonstrating the breadth of their operations.
Segments:
Noble Midstream operates through three primary segments:
1. Gathering Systems:
The Gathering Systems segment is essential for the midstream process, facilitating the collection of crude oil and natural gas from production sites to processing facilities. Key aspects of this segment include:
- Natural Gas Gathering: The segment maintains extensive pipeline systems that transport natural gas from wellheads to processing plants. This involves ensuring efficient routing to minimize transit time and loss.
- Crude Oil Gathering: Similar to gas gathering, this service is dedicated to the collection of crude oil. The segment is equipped to handle various operational challenges, including transportation logistics and ensuring the integrity of pipelines.
- Water Management in Gathering: This segment also encompasses the management of produced water (water that is a byproduct of oil and gas extraction), which includes both the transportation and disposal processes.
Fresh Water Delivery:
A vital service offered by Noble Midstream, the Fresh Water Delivery segment focuses on the transportation and supply of fresh water necessary for drilling and completion operations. It serves primarily regions where oil and gas extraction activities are prevalent, such as:
- Tomar Services in Delaware Basin and DJ Basin: These areas have significant activity, and Noble Midstream is dedicated to delivering high-quality fresh water for hydraulic fracturing and other extraction processes.
Investment in Rangeland Energy:
Noble Midstream has a strategic stake in Rangeland Energy II, which is focused on developing midstream assets in the Delaware Basin. This partnership enables the company to leverage additional infrastructure and operational synergies to enhance their service offerings.
Products:
Noble Midstream provides a variety of products critical to the oil and gas industry, including:
1. Gas Processing:
The company operates the Javelina Gas Processing Plant in the Eagle Ford Shale. This facility processes raw natural gas and NGLs (natural gas liquids) by removing impurities, thereby producing sellable products that meet market specifications.
Crude Oil Gathering:
Through an extensive network of pipelines, Noble Midstream gathers crude oil from production sites to refineries or processing facilities, ensuring timely and efficient transportation.
Water Gathering and Disposal:
Noble Midstream provides integrated solutions for managing produced water, including collection and transportation to disposal sites, often utilizing saltwater injection wells for safe and environmentally compliant disposal.
Natural Gas Gathering:
This involves the systematic collection of natural gas and transporting it to applicable processing or transmission channels, ensuring high operational efficiency and reliability.
Services:
In addition to their product offerings, Noble Midstream engages in various complementary services:
1. Transportation:
The company operates an extensive pipeline network for transporting natural gas, crude oil, and NGLs. This transportation service is fundamental to ensuring that products are delivered where they are needed in an efficient manner.
Storage:
Noble Midstream also provides storage solutions for crude oil and natural gas liquids. The storage facilities, primarily located in key resource-rich areas like the Delaware Basin and Eagle Ford Shale, allow for strategic inventory management and distribution.
Terminal Operations:
Through its operations in the DJ Basin, the company runs a crude oil terminal that facilitates access to rail and port terminals, enhancing the reach and scalability of their services.
Regulatory and Environmental Compliance:
Noble Midstream plays a critical role in ensuring that all operations comply with relevant regulatory frameworks and environmental standards, navigating the complexities of industry regulations, permits, and environmental laws.
Midstream Consulting:
Noble Midstream extends its expertise beyond its own facilities by providing consulting services to other entities in the oil and gas sector. This consulting aims at optimizing infrastructure utilization and improving operational efficiencies across midstream operations.
Overall, Noble Midstream Partners LP offers a comprehensive suite of services and products reflecting their commitment to supporting the efficient and environmentally responsible transportation and processing of natural resources. With a focus on key geographical areas rich in hydrocarbon resources, the company plays a crucial role in the broader energy supply chain.
Segments:
Noble Midstream operates through three primary segments:
1. Gathering Systems:
The Gathering Systems segment is essential for the midstream process, facilitating the collection of crude oil and natural gas from production sites to processing facilities. Key aspects of this segment include:
- Natural Gas Gathering: The segment maintains extensive pipeline systems that transport natural gas from wellheads to processing plants. This involves ensuring efficient routing to minimize transit time and loss.
- Crude Oil Gathering: Similar to gas gathering, this service is dedicated to the collection of crude oil. The segment is equipped to handle various operational challenges, including transportation logistics and ensuring the integrity of pipelines.
- Water Management in Gathering: This segment also encompasses the management of produced water (water that is a byproduct of oil and gas extraction), which includes both the transportation and disposal processes.
Fresh Water Delivery:
A vital service offered by Noble Midstream, the Fresh Water Delivery segment focuses on the transportation and supply of fresh water necessary for drilling and completion operations. It serves primarily regions where oil and gas extraction activities are prevalent, such as:
- Tomar Services in Delaware Basin and DJ Basin: These areas have significant activity, and Noble Midstream is dedicated to delivering high-quality fresh water for hydraulic fracturing and other extraction processes.
Investment in Rangeland Energy:
Noble Midstream has a strategic stake in Rangeland Energy II, which is focused on developing midstream assets in the Delaware Basin. This partnership enables the company to leverage additional infrastructure and operational synergies to enhance their service offerings.
Products:
Noble Midstream provides a variety of products critical to the oil and gas industry, including:
1. Gas Processing:
The company operates the Javelina Gas Processing Plant in the Eagle Ford Shale. This facility processes raw natural gas and NGLs (natural gas liquids) by removing impurities, thereby producing sellable products that meet market specifications.
Crude Oil Gathering:
Through an extensive network of pipelines, Noble Midstream gathers crude oil from production sites to refineries or processing facilities, ensuring timely and efficient transportation.
Water Gathering and Disposal:
Noble Midstream provides integrated solutions for managing produced water, including collection and transportation to disposal sites, often utilizing saltwater injection wells for safe and environmentally compliant disposal.
Natural Gas Gathering:
This involves the systematic collection of natural gas and transporting it to applicable processing or transmission channels, ensuring high operational efficiency and reliability.
Services:
In addition to their product offerings, Noble Midstream engages in various complementary services:
1. Transportation:
The company operates an extensive pipeline network for transporting natural gas, crude oil, and NGLs. This transportation service is fundamental to ensuring that products are delivered where they are needed in an efficient manner.
Storage:
Noble Midstream also provides storage solutions for crude oil and natural gas liquids. The storage facilities, primarily located in key resource-rich areas like the Delaware Basin and Eagle Ford Shale, allow for strategic inventory management and distribution.
Terminal Operations:
Through its operations in the DJ Basin, the company runs a crude oil terminal that facilitates access to rail and port terminals, enhancing the reach and scalability of their services.
Regulatory and Environmental Compliance:
Noble Midstream plays a critical role in ensuring that all operations comply with relevant regulatory frameworks and environmental standards, navigating the complexities of industry regulations, permits, and environmental laws.
Midstream Consulting:
Noble Midstream extends its expertise beyond its own facilities by providing consulting services to other entities in the oil and gas sector. This consulting aims at optimizing infrastructure utilization and improving operational efficiencies across midstream operations.
Overall, Noble Midstream Partners LP offers a comprehensive suite of services and products reflecting their commitment to supporting the efficient and environmentally responsible transportation and processing of natural resources. With a focus on key geographical areas rich in hydrocarbon resources, the company plays a crucial role in the broader energy supply chain.