Blue Dolphin Energy Company is a holding company and conducts substantially all of its operations through its subsidiaries. The Company conducts its business activities in two primary business segments: pipeline transportation and related services for producer/shippers, and oil and gas exploration and production. Substantially all of Blue Dolphin Energy's assets consist of equity interests in its subsidiaries. The Company's operating subsidiaries are Blue Dolphin Pipe Line Company, Blue Dolphin Petroleum Company, Blue Dolphin Exploration Company and Blue Dolphin Services Co. The Blue Dolphin System is transporting an aggregate of approximately 26 million cubic feet (MMcf) of gas per day from 10 shippers and the GA 350 Pipeline is transporting an aggregate of approximately 29 MMcf of gas per day from six shippers.(Source: 10-K)
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