Genesis Energy, L.P. Increases Quarterly Distribution.HOUSTON -- Genesis Energy, L.P. (AMEX AMEX See: American Stock Exchange :GEL) announced today that it will pay a regular quarterly distribution of $0.3375 per Common Unit for the quarter ended March 31, 2009. The distribution will be paid on May 15, 2009, to Common Unitholders of record at the close of business on May 4, 2009. This distribution represents an increase of approximately 13% over the first quarter 2008 quarterly distribution of $0.30 per unit. This is the fifteenth consecutive quarter in which Genesis has increased its quarterly distribution. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . Genesis engages in four business segments. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil, carbon dioxide carbon dioxide, chemical compound, CO2, a colorless, odorless, tasteless gas that is about one and one-half times as dense as air under ordinary conditions of temperature and pressure. and, to a lesser extent, natural gas. The Refinery Services Division primarily processes sour gas Sour gas is natural gas or any other gas mixture which contains significant amounts of hydrogen sulfide (H2S). According to this reference [1], natural gas is usually considered sour if there are more than 5. streams to remove sulfur at refining operations, principally located in Texas, Louisiana, and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply of energy products, including crude oil and refined products. The Industrial Gases Division produces and supplies industrial gases such as carbon dioxide and syngas
Syngas (from synthesis gas) is the name given to a gas mixture that contains varying amounts of carbon monoxide and hydrogen generated by the gasification of a carbon containing fuel to a gaseous product with . Genesis' operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, and Florida. |
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