Cypress Energy Partners, L.P Company Review & Valuation
About Cypress Energy Partners, L.P
Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and environmental services in North America.
It operates in three segments: Pipeline Inspection Services (PIS), Integrity Services (IS), and Water and Environmental Services (W&ES). The PIS segment offers independent inspection services for various facilities and equipment, such as transmission pipelines, oil and natural gas gathering systems, pump and compressor stations, storage facilities and terminals, and gas distribution systems.
It offers project coordination, staking, pig tracking, maintenance and construction inspection, ultrasonic nondestructive examination, and related data management services.
The IS segment provides hydrostatic testing and related services, including filling, pressure testing, and dewatering to natural gas, petroleum, and pipeline construction companies.
It performs various integrity services on newly constructed and existing oil and natural gas pipelines.
The W&ES segment provides saltwater disposal (SWD) services; and owns and operates eight commercial SWD facilities in the Bakken Shale region of the Williston Basin in North Dakota, as well as one SWD facilities in the Permian Basin in Texas.
This segment also provides flowback water management services by disposing flowback water produced from hydraulic fracturing operations during the completion of oil and natural gas wells; offers water management services by disposing naturally occurring water that is extracted during the oil and natural gas production process; separates residual oil from the saltwater stream and sells it to third-parties; and manages existing SWD facilities.
It serves oil and natural gas producers, pipeline owners and operators, public utility or local distribution companies, trucking companies, and third-party purchasers of residual oil.
The company was founded in 2012 and is headquartered in Tulsa, Oklahoma.
Cypress Energy Partners, L.P. is a subsidiary of Cypress Energy Holdings, LLC.