Sunoco Logistics Partners LP is a Delaware limited partnership formed on October 15, 2001. The Company is engaged in the transport, terminalling and storage of crude oil and refined products. In addition to logistics services, it also owns acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined products. Its portfolio of geographically diverse assets earns revenues in 30 states located throughout the United States. The Company's reporting segments are: Crude Oil, Natural Gas Liquids, and Refined Products. The Crude Oil segment provides transportation, terminalling and acquisition and marketing services to crude oil markets throughout the southwest, midwest and northeastern United States. Included within the segment is approximately 5,900 miles of crude oil trunk and gathering pipelines in the southwest and midwest United States and equity ownership interests in three crude oil pipelines. The Natural Gas Liquids segment transports, stores, and executes acquisition and marketing activities utilizing a complementary network of pipelines, storage and blending facilities, and strategic off-take locations that provide access to multiple NGLs markets. The segment contains approximately 900 miles of NGLs pipelines, related to Mariner systems located in the northeast and southwest United States. The Refined Products segment provides transportation and terminalling services, through the use of approximately 1,800 miles of refined products pipelines and approximately 40 active refined products marketing terminals. Its marketing terminals are located in the northeast, midwest and southeast United States, with approximately 8 million barrels of refined products storage capacity. Its pipelines face competition from a number of sources, including oil companies and other common carrier pipelines. Its operations are often subject to complex federal, state, and local laws and regulations relating to the protection of health and the environment, including laws and regulations which govern the handling and release of crude oil and other liquid hydrocarbon materials.
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