THE ENERGY VALUE CHAIN
Midstream energy companies and MLPs play a critical role in each stage of the Energy Value Chain. In the Upstream stage, exploration and drilling for oil and natural gas is the primary activity. Next, the Midstream stage is focused on Energy Infrastructure. During this phase, MLPs connect oil and natural gas producers to distributors and end users, by providing gathering, processing, transportation, and storage services. Lastly, energy users comprise the Downstream stage which includes refineries, petrochemical and industrial plants, and petroleum product distribution pipelines and retail outlets (gas stations).