Is refining considered downstream?
The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas.
What is the meaning of upstream and downstream in oil industry?
The terms upstream and downstream oil and gas production refer to an oil or gas company’s location in the supply chain. Upstream oil and gas production is conducted by companies who identify, extract, or produce raw materials. Downstream oil and gas production companies are closer to the end user or consumer.
Which way is upstream and downstream DNA?
Upstream is toward the 5′ end of the RNA molecule and downstream is toward the 3′ end. When considering double-stranded DNA, upstream is toward the 5′ end of the coding strand for the gene in question and downstream is toward the 3′ end.
Is downstream with the current?
The definition of downstream is in the same direction that the current of water flows. When a piece of driftwood is moving left and the current of the water is moving left, this is an example of a time when the driftwood is moving downstream.
What is the definition of downstream?
1 : in the direction of or nearer to the mouth of a stream floating downstream located two miles downstream. 2 : in or toward the latter stages of a usually industrial process or the stages (such as marketing) after manufacture improving profits downstream downstream products.
What are upstream and downstream activities?
Upstream refers to the material inputs needed for production, while downstream is the opposite end, where products get produced and distributed.
Why are MLPs down?
MLPs primarily deal with the distribution and storage of energy products, so their business model is less reliant on the commodities market since MLPs profit off the quantity of oil and natural gas they are able to move around. …
What is a midstream asset?
Midstream Assets means assets used in energy logistics, including, but not limited to, assets used in transporting, storing, gathering, processing, distributing, or marketing of natural gas, natural gas liquids, crude oil or refined products.
Who is the largest midstream company?
Largest North American Midstream Oil and Gas Companies by Market Cap (2012):
- Enterprise Midstream.
- Kinder Morgan.
- Williams Companies.
- Plains All-American.
- Energy Transfer Partners.
- Magellan Midstream.
How do midstream oil companies make money?
How midstream companies make money. Midstream companies have an opportunity to make money along each link of the oil, gas, and NGL value chains, earning revenue via three primary means: fees, regulated tariffs, and commodity-based margins. Gathering pipelines, for example, tend to be fee-based.
What is the best midstream company?
Bank of America recommends these MLPs and midstream stocks:
- Energy Transfer (ET)
- Rattler Midstream (RTLR)
- MPLX (MPLX)
- Plains All American Pipeline (PAA)
- Plains GP Holdings (PAGP)
- Magellan Midstream Partners (MMP)
- Enterprise Products Partners (EPD)
- Kinder Morgan (KMI)
Who owns most of the pipelines?
Nearly 82% of large-diameter pipeline miles and 62% of all pipeline miles in the United States are owned by 10 companies. Kinder Morgan Inc., with 32,000 miles of large-diameter pipeline, has more than double the mileage of TransCanada Corp., which acquired Columbia Pipeline Group in July 2015.