Total volumes across Genesis Energy’s CHOPS and Poseidon pipelines in Q4 2025 were up 16% from the previous quarter, driven by steady production from its legacy fields in the Gulf and strong contributions from its Shenandoah and Salamanca floating production units (FPUs), the company said in its quarterly earnings call February 12.
Shenandoah production remained steady near its 100 Mb/d target rate from its four Phase 1 wells, while output continued to increase from the first three wells at Salamanca, and CEO Grant Sims said Genesis remained “encouraged by both reservoir performance and the remaining development plan.” An additional well at Salamanca is scheduled for completion in Q2 2026, with a potential fifth well as early as Q4 2026. Together, the wells are expected to result in total production of 50-60 Mb/d from the Salamanca facility.
Shenandoah is operated by Beacon Offshore Energy, while Salamanca is operated by LLOG. Both units are tied into Genesis’ 100% owned and operated SYNC and SEKCO laterals, respectively, for further transportation to shore through its 64% owned and operated CHOPS and Poseidon crude oil pipelines.
Looking ahead, Genesis said it expects its Monument development, a two-well subsea tie-back to Shenandoah, to be completed late this year or in early 2027. Following Monument, a fifth well at Shenandoah is scheduled to be drilled, which could increase total throughput at the FPU to as much as 120 Mb/d.
In addition to developments around Salamanca and Shenandoah, Genesis said there are least eight additional development or subsea tie-back wells at legacy production facilities that are planned to be drilled over the next 12 to 15 months.
