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BLUE DOLPHIN ENER, (BDCO) Stock Research Free Stock Rating
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Blue Dolphin Energy Company operates as a holding company that primarily engages in the acquisition and development of oil and gas properties, and the gathering and transportation of natural gas and condensate. The companys activities are segregated into Oil and Gas Exploration and Production, and Pipelines segments. Oil and Gas Exploration and Production segment engages in the exploration, acquisition, development, operation, and disposition of oil and gas properties. It focuses its oil and gas acquisition and exploration activities predominantly in the western and central Gulf of Mexico, and onshore Texas and Louisiana. Pipelines segment is categorized into Offshore and Onshore divisions. Offshore division transports gas and liquids, including crude oil and condensate. It comprises approximately 34 miles of 20-inch pipeline from a platform in Galveston Area Block 288 to shore. An additional four miles onshore connects the offshore segment to the shore facility at Freeport, Texas. Additionally, the Offshore division includes 5 field gathering lines totaling approximately 27 miles, connected to the main 20-inch line. The Onshore division consists of approximately 2 miles of 16-inch pipeline for transportation of gas from the shore facility to a sales point at a Freeport, Texas chemical plants' complex and intrastate pipeline system tie-in. The company primarily operates in the areas of the Texas and Louisiana Gulf Coast, and the Gulf of Mexico Shelf. Blue Dolphin Energy was incorporated in Delaware in January 1986. The companys principal executive offices are located in Houston, Texas.
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