We believe the stable cash flow of the natural gas storage business model to be ideal for our Partnership long-term.
We distribute natural gas liquids or "NGLs". NGLs are primarily purchased from refineries and natural gas processors and stored in our supply and storage facilities for wholesale deliveries to propane retailers, refineries and industrial NGL users in Texas and the Southeastern United States.
We also own an NGL pipeline, which spans approximately 200 miles from Kilgore to Beaumont, Texas, as well as three NGL supply and storage facilities with an aggregate above ground storage capacity of approximately 3,000 barrels and we lease approximately 2.7 million barrels of underground storage capacity for NGLs.
In May 2011, we entered into the natural gas storage business through a joint venture we entered that acquired a portion of Monroe Gas Storage LLC. We believe the stable cash flow of the natural gas storage business model to be ideal for our Partnership long-term.
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