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 own interests in two NGL pipelines, one which spans approximately 200 miles from Kilgore to Beaumont, Texas which is wholly owned, and in 2014, we purchased 20% ownership interest in West Texas LPG Pipeline L.P. (WTLPG). WTLPG owns an approximate 2,300 mile common-carrier pipeline system that transports NGLs from New Mexico to Texas to Mont Belvieu, TX for fractionation. We now own or lease apprxomiately 3.2 million barrels of combined NGL storage capacity.
In August 2014, we acquired the remaining and controlling interests in Cardinal Gas Storage Partners L.P. This purchase allows us to focus on the development, construction, operation and management of natural gas storage facilities across northern Louisiana and Mississippi.
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