Enterprise Products

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 of 2004, and is a member of the Fortune 500.

Assets

According to the company website [http://www.epplp.com/cp_bp_o.html] it has the following assets:

Pipelines

* of natural gas pipelines
* of NGL and petrochemical pipelines
* of Gulf of Mexico crude oil pipelines

Storage (Salt Dome)

* 163 MMBbls of NGL storage capacity
* 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

* 2 plants with a net processing capacity of 6.3 Bcf/day

History

In 2005, Ralph S. Cunningham became CEO of Enterprise Products Partners. [http://72.14.253.104/search?q=cache:L0-gTFIlXYoJ:www.forbes.com/feeds/ap/2007/07/23/ap3940676.html+enterprise+gp+holdings&hl=en&ct=clnk&cd=8&gl=us&ie=UTF-8 Enterprise GP Holdings Names CEO] , forbes.com, google cache, Associated Press 07.23.07]

On July 23, 2007 Ralph S. Cunningham instead replaced Michael A. Creel as president and CEO of the affiliated Enterprise GP Holdings LP (nyse2|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.

Cunningham also became a director of both Enterprise GP Holdings and affiliated Duncan Energy Partners LP (nyse2|EPL).

References

External links

* [http://www.epplp.com Enterprise Products website]


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