Our Gathering and Processing segment is a midstream natural gas system that provides the following services to our customers:
- sales of natural gas, NGLs and condensate
Our Gathering and Processing assets are located in Alabama, Louisiana, Mississippi, North Dakota, and Texas – as well as in shallow state and federal waters in the Gulf of Mexico off the coast of Louisiana – and are positioned in certain areas with active drilling programs and opportunities for organic growth. We continually seek new sources of natural gas supply to maintain and increase the throughput volume on our gathering systems and through our processing plants.
We generally derive revenue in our Gathering and Processing segment from fee-based, fixed-margin and POP arrangements, for our producer and supplier customers and our own account. We have no keep-whole arrangements with our customers.