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Enterprise Products

 
Hoover's Profile: Enterprise Products Partners L.P.
(NYSE:EPD)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Enterprise Products Partners L.P.
1100 Louisiana St., 10th Fl.
Houston, TX 77002
TX Tel. 713-381-6500
Toll Free 866-230-0745
Fax 713-381-8200

Type: Public
On the web: http://www.epplp.com
Employees: 3,500
Employee growth: 9.4%

Both enterprising and productive, Enterprise Products Partners is the leading player in the North American natural gas, natural gas liquids (NGL), and crude oil industries, with a range of processing, transportation, and storage services. Operations include natural gas processing, NGL fractionation, petrochemical services, and crude oil transportation. The hub of the company's business is Houston's Mont Belvieu refinery complex. In a major expansion move, in 2009 the company acquired rival TEPPCO Partners L.P. As a result, Enterprise has 48,000 miles of pipelines, and 200 million of crude of crude oil, refined products and NGL storage capacity. Chairman Dan Duncan holds a 34.5% stake in Enterprise.

Key numbers for fiscal year ending December, 2008:
Sales: $21,905.7M
One year growth: 29.2%
Net income: $954.0M
Income growth: 78.8%

Officers:
Chairman: Dan L. Duncan
President, CEO, and Director: Michael A. Creel
EVP and COO: William (Bill) Ordemann

Competitors:
Dynegy
Spectra Energy
Williams Companies

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Enterprise Products Partners L.P. (NYSEEPD) 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 is the majority owner.

Contents

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 (NYSEEPE). 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 (NYSEEPL).[1]

References

  1. ^ a b c Enterprise GP Holdings Names CEO, forbes.com, google cache, Associated Press 07.23.07

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