Enterprise Products

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  5. Companies listed on the New York Stock Exchange
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Enterprise Products Partners L.P.
Type Public
Traded as NYSE: EPD
Industry Oil and gas
Headquarters Houston, Texas, United States
Products Crude oil, refined products and certain petrochemicals.
Services Oil and gas transportation
Website www.epplp.com

Enterprise Products Partners L.P. (NYSE: EPD) is a natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004, and is a member of the Fortune 500. Dan Duncan (1933–2010) was the majority owner.

Assets

According to the company website [1] it has the following assets:

Pipelines

  • 52,000 miles (84,000 km) of natural gas, NGL crude oil, refined products and petrochemical pipelines
  • 19,800 miles (31,900 km) of natural gas pipelines
  • 16,900 miles (27,200 km) of NGL and petrochemical pipelines
  • 4,700 miles (7,600 km) of Refined Products pipelines
  • 1,400 miles (2,300 km) of Gulf of Mexico Natural Gas pipelines
  • 1,000 miles (1,600 km) of Gulf of Mexico crude oil pipelines

Storage (salt dome)

  • 192 MMBbls of NGL storage capacity
  • 27×10^9 cu ft (760,000,000 m3) of natural gas storage capacity

Drilling platforms

  • 7 offshore Gulf of Mexico hub platforms
  • NGL Import/Export Terminals on the Houston Ship Channel
  • Import - unload up to 10,000 Bbls/hr; Export - load up to 5,000 Bbls/hr

Fractionation

  • 19 NGL and propylene fractionators
  • NGL - 9 plants with a net capacity of approximately 439 MBPD
  • Propylene - 4 plants with a net capacity of approximately 65 MBPD
  • Isomerization - 3 plants with a net capacity of approximately 116 MBPD

Natural gas processing

  • 26 plants with a net processing capacity of 6.3 Bcf/day

History

In 2005, Ralph S. Cunningham became CEO of Enterprise Products Partners.[1]

On July 23, 2007 Ralph S. Cunningham instead replaced Michael A. Creel as president and CEO of the affiliated Enterprise GP Holdings LP (NYSE: EPE). Cunningham had earlier been named interim president and CEO, and resigned from the Enterprise Products CEO position effective July 31, 2007. Creel then instead became president and CEO of the company's general partner Enterprise Products Partners LP.[1]

Cunningham also became a director of both Enterprise GP Holdings and affiliated Duncan Energy Partners LP (NYSE: EPL).[1]

Enterprise Products acquired Enterprise GP Holdings in 2010.

Plant explosion

On February 8, 2011 a series of explosions destroyed much of a Mont Belvieu facility owned and operated by Enterprise Products. The ensuing fire was controlled after two hours. One contractor at the plant was not accounted for however no other injuries were reported.

References

  1. ↑ 1.0 1.1 1.2 Enterprise GP Holdings Names CEO, forbes.com, google cache, Associated Press 07.23.07

External links

32x28px Houston portal


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