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Profile: CorEnergy Infrastructure Trust Inc (CORR.N)

CORR.N on New York Stock Exchange

40.11USD
24 Jun 2019
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CorEnergy Infrastructure Trust, Inc. (CorEnergy), incorporated on September 8, 2005, is focused on acquiring and financing midstream and downstream real estate assets within the United States energy infrastructure sector and concurrently entering into long-term triple-net participating leases with energy companies. The Company also provides other types of capital, including loans secured by energy infrastructure assets. The Company owns assets, such as pipelines, storage terminals, and transmission and distribution assets. It assets include Grand Isle Gathering System, Pinedale Liquids Gathering System (Pinedale LGS), MoGas Pipeline System and Omega Pipeline.

The Company's Grand Isle Gathering System is a subsea, midstream 153-mile pipeline system located in the Gulf of Mexico. As of September 30, 2018, the Grand Isle Gathering System had total capacity of 120,000 barrels per day, including a 16-acre onshore terminal and saltwater disposal system. Grand Isle Gathering System is a terminal facility triple-net leased on a long-term basis. The Pinedale LGS is located in the Pinedale Anticline in Wyoming triple-net leased on a long-term basis. As of September 30, 2018, the Pinedale LGS included more than 150 miles of pipelines and four central storage facilities that are utilized by Ultra Petroleum Corp. (Ultra Petroleum) as a method for the gathering of commingled hydrocarbon stream.

The Company's subsidiary, MoGas Pipeline LLC (MoGas), owns and operates the MoGas Pipeline System. MoGas Pipeline System is an approximately 263-mile interstate natural gas pipeline in and around St. Louis and extending into central Missouri. The MoGas Pipeline System received natural gas at three separate receipt points from third party interstate gas pipelines and delivered that gas through 24 different delivery points to investor-owned natural gas distribution companies, municipalities and end users. The Company holds interest in Omega Pipeline Company, LLC (Omega), which is a natural gas service provider. The Company, through Omega, holds interest in Omega Pipeline, which is a natural gas distribution system in south central Missouri.

Company Address

CorEnergy Infrastructure Trust Inc

1100 Walnut St Ste 3350
KANSAS CITY   MO   64106-2280
P: +1877.6992677
F: +1913.9811021

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