With natural gas prices plunging in 2012, even fee-based pipeline companies took a hit, as their customers curtailed drilling. One of the ugliest 2012 charts of them all belongs to Crestwood Midstream Partners, LP, (CMLP), which fell over 32% in 2012. However, it has risen over 17% thus far 2013.
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Profile: Crestwood is a midstream company primarily engaged in the gathering, processing, treating, compression, transportation and sales of natural gas and the delivery of NGLs produced in the geological formations of the Barnett Shale in north Texas, the Fayetteville Shale in northwestern Arkansas, the Granite Wash in the Texas Panhandle, the Marcellus Shale in northern West Virginia, the emerging Avalon Shale trend in southeastern New Mexico and the Haynesville/Bossier Shale in western Louisiana.