Enterprise Products

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

• 18,368 miles (29,560 km) of natural gas pipelines
• 13,297 miles (21,399 km) of NGL and petrochemical pipelines
• 813 miles (1,308 km) of Gulf of Mexico crude oil pipelines

Storage (salt dome)

• 163 MMBbls of NGL storage capacity
• 23×10^⁹ cu ft (650,000,000 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

• 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 2 hours. One contractor at the plant was not accounted for however no other injuries were reported.

References

External links

Houston portal

• Enterprise Products website