Energy Transfer LP (ET) and Enterprise Products Partners L.P. (EPD) are two prominent midstream oil and gas industry players. ET in Dallas, Tex., owns and operates a portfolio of energy assets, including natural gas midstream and intrastate transportation and storage, interstate natural gas transportation and storage, crude oil, natural gas liquids (NGL) and refined products transportation, terminal services and acquisition and marketing activities, as well as NGL storage and fractionation services. EPD in Houston, Tex., provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It also operates refined products pipelines and terminals, ethylene export terminals and provides refined products marketing and marine transportation services.
With the resumption of economic and industrial activities, rising demand for oil and natural gas and controlled supply from OPEC+ led to high energy prices last year. After exhibiting some stability earlier this year, escalating sanctions on Russia precipitated a significant surge in oil prices due to supply chain disruptions. As a result, the overall energy sector is thriving.
