Centurion Pipeline L.P.

What Centurion Pipeline L.P. does

Centurion Pipeline L.P. is a Texas-domiciled, private limited partnership that operates an integrated crude oil midstream platform in the U.S. Permian Basin, providing oil-gathering, common carrier transportation, and storage services to upstream crude producers. The company is wholly owned by Energy Transfer LP (NYSE: ET), which acquired Centurion on May 2, 2023 for $1.45 billion through its purchase of Lotus Midstream Operations, LLC. Centurion's core asset is the Centurion Pipeline Company LLC system, a network of gathering and trunk lines connecting Permian production to downstream markets, with delivery points reaching the U.S. Gulf Coast.

The business is structured around pipeline tariffs and capacity-based fees charged to shippers under published tariff schedules, with contractable capacity offered through binding Open Season processes. Centurion also participates, via its parent Energy Transfer, in the Southern Illinois Connector Pipeline — a joint venture with Enbridge offering up to 200,000 barrels per day of contractable capacity from Western Canada to the U.S. Gulf Coast under an International Joint Tariff. The company runs an enterprise B2B field-sales motion targeting crude oil producers, with customer communications and tariff postings routed through Energy Transfer's Informational Postings page and corporate infrastructure. The firm is a regulated, asset-heavy operator with 101–250 employees and no disclosed digital product surface beyond its informational website.

Revenue mechanics are driven by throughput volumes and contracted capacity on long-haul and gathering systems; specific pricing is not publicly disclosed. Operating geographies are concentrated in the Permian Basin and Southwest United States, with no global footprint. Centurion is not a standalone R&D- or software-driven business; its competitive position rests on the strategic location of its pipeline rights-of-way, the scale of its integrated network, and the capital backing of one of the largest U.S. midstream operators.

Name

Centurion Pipeline L.P.

Legal name

Centurion Pipeline Company LLC

Website

https://centurionpipeline.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Centurion Pipeline L.P. operates an integrated crude oil gathering, common carrier pipeline, and storage system in the U.S. Permian Basin, serving upstream producers. It is a wholly owned subsidiary of Energy Transfer LP, offering contractable pipeline capacity via published tariffs and Open Season processes.

Ownership category

akta.pro rank

Product category

Crude Oil Pipeline Transportation

NAICS

Pipeline Transportation of Crude Oil (4861)

SIC

Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

Crude Oil Field Gathering Systems (TLAGAJAA)

akta.pro secondary industries

Crude Oil Pipeline Transportation (EUALADAA), Crude Oil Pipeline Maintenance & Repair (Pigging, Cleaning, Valve/Station MRO) (TLAGAAAN)

Keywords

• Crude oil pipelines
• Midstream infrastructure
• Pipeline transportation
• Oil gathering systems
• Crude oil storage

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Personnel, Others

Revenue model

1. Pipeline Tariffs and Capacity Fees: Revenue generated through pipeline tariffs charged to shippers for crude oil transportation services. Capacity-based fees from contractable pipeline throughput, with offerings such as the Southern Illinois Connector Pipeline providing up to 200,000 barrels per day of contractable capacity under International Joint Tariff arrangements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Centurion Pipeline L.P. operates an oil-gathering, common carrier pipeline, and storage system centered in the Permian Basin. The company provides crude oil transportation and storage services to upstream producers, with capacity offered through binding Open Season processes and International Joint Tariff arrangements.

Product overview

Centurion Pipeline L.P. operates an integrated crude midstream platform centered in the Permian Basin. The core offering is Centurion Pipeline Company LLC, which provides crude oil pipeline transportation and storage infrastructure. Through its parent company Energy Transfer, it also offers access to the Southern Illinois Connector Pipeline project, providing up to 200,000 bpd of capacity under an International Joint Tariff connecting Western Canada to the U.S. Gulf Coast.

Differentiator

Problem solved

Functional benefit

Products and services

• Centurion Pipeline Company LLC An integrated crude midstream platform located in the Permian Basin that provides crude oil pipeline transportation, oil-gathering, common carrier pipeline services, and storage infrastructure to upstream crude oil producers.
• Southern Illinois Connector Pipeline A pipeline project offering up to 200,000 barrels per day of contractable capacity under an International Joint Tariff, with receipts in Western Canada and delivery points in the US Gulf Coast (USGC). Jointly developed by Enbridge and Energy Transfer LP.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and flagship.

• EnbridgecoreStrategic or Co-development Partner · 2 May 2023Joint development of Southern Illinois Connector Pipeline - a limited liability company formed by Enbridge and Energy Transfer LP. Offering up to 200,000 barrels per day of contractable capacity under an International Joint Tariff, with receipts in Western Canada and delivery points in the US Gulf Coast.
• Energy Transfer LPflagshipOthers · 2 May 2023Parent company acquisition of Lotus Midstream Operations LLC, which owned and operated Centurion Pipeline Company LLC. Energy Transfer is a major U.S. energy company with one of the largest and most diversified portfolios of energy assets.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Crestwood Equity Partners: Crestwood operates midstream gathering, processing, and storage assets across US basins including Permian crude oil and natural gas liquids operations, positioning it as a direct competitor for Permian crude gathering contracts.
• Kinder Morgan: Kinder Morgan operates a major US pipeline portfolio including crude oil and condensate transportation assets with significant Texas and Gulf Coast presence. It competes with Centurion for Permian producer shippers and downstream terminal/delivery capacity.
• Targa Resources: Targa Resources is a Permian-focused midstream operator with gathering and processing assets serving the same Delaware and Central Basin Platform producers as Centurion, making it a direct competitor for crude gathering volumes in overlapping acreage.
• Plains All American Pipeline: Plains All American is one of the largest North American crude oil midstream operators with extensive Permian gathering and long-haul pipeline assets. It directly competes with Centurion for crude gathering and transportation contracts from Permian producers.
• Enbridge: Enbridge is a leading North American crude oil pipeline operator and a direct JV partner with Energy Transfer on the Southern Illinois Connector. Its US Gulf Coast crude infrastructure overlaps with Centurion's transportation and storage services and competes for the same Western Canada and Permian crude flows.
• Genesis Energy: Genesis Energy operates midstream infrastructure including crude oil pipeline transportation and terminal services in the Gulf Coast and other US producing regions, serving a similar upstream-to-downstream shipper base.
• Enterprise Products Partners: Enterprise operates one of the largest integrated midstream networks in the US, including extensive Permian crude oil gathering and pipeline systems serving the same upstream producer customer base and competing directly with Centurion for Permian crude takeaway volumes.

Regional players

• Holly Energy Partners: Holly Energy Partners operates refined products and crude oil pipelines primarily in the US Mid-Continent and Southwest with integrated terminal and storage assets, comparable in business model and asset type to Centurion even if regional overlap is partial.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/centurion-pipeline-co

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centurion Pipeline L.P.