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NGL Energy Partners LP
NGL Energy Partners LP is a Delaware-based master limited partnership (MLP) formed in 2010 that operates across two primary segments in the midstream energy sector. Its Water Solutions segment handles the transportation, treatment, recycling, and disposal of produced and flowback water generated by crude oil and natural gas producers, and also recovers and sells skim oil as a byproduct. Its Crude Oil Logistics segment purchases crude oil from producers and marketers and moves it to refineries and trade hubs via pipelines, storage terminals, rail facilities, and barges. The partnership primarily serves large, investment-grade oil and gas companies under long-term, fixed-fee contracts that often include minimum volume commitments and acreage dedications.