Profile: Enterprise Products Partners LP (EPD.N)
22 Jun 2017
Enterprise Products Partners L.P. (Enterprise), incorporated on April 9, 1998, is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company's segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company owns and operates certain NGLs related businesses of Enterprise Products Company (EPCO). The Company's midstream energy operations include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage, export and import terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems.
NGL Pipelines & Services
As of December 31, 2016, the Company's NGL Pipelines & Services segment included its natural gas processing plants and related NGL marketing activities; approximately 19,670 miles of NGL pipelines; NGL and related product storage facilities, and 15 NGL fractionators. This segment also includes its NGL export docks and related operations. As of December 31, 2016, the Company's NGL marketing activities utilized a fleet of approximately 990 railcars, which are leased from third parties. These railcars are used to deliver feedstocks to its facilities and to distribute NGLs throughout the United States and parts of Canada. It has rail loading and unloading capabilities at certain of its terminal facilities in Arizona, Kansas, Louisiana, Minnesota, Mississippi, New York, North Carolina and Texas.
The Company's NGL pipelines include Mid-America Pipeline System, South Texas NGL Pipeline System, Dixie Pipeline, Seminole Pipeline, Appalachia-to-Texas Express, Chaparral NGL System, Louisiana Pipeline System, Texas Express Pipeline, Skelly-Belvieu Pipeline, Front Range Pipeline, Promix NGL Gathering System, Rio Grande Pipeline, Houston Ship Channel, Panola Pipeline, Lou-Tex NGL Pipeline system, Tri-States NGL Pipeline, Texas Express Gathering System and Aegis Ethane Pipeline. The Company operates its NGL pipelines with the exception of the Skelly-Belvieu Pipeline and Texas Express Gathering System.
The Company's underground storage facility is located in Mont Belvieu, Texas. As of December 31, 2016, its facility included 37 underground storage caverns used to store and redeliver mixed NGLs and NGL purity, petrochemical and related products for industrial customers located along the upper Texas Gulf Coast. As of December 31, 2016, this facility had an aggregate usable storage capacity of approximately 130 million barrels (MMBbls), a brine system with approximately 21 MMBbls of above-ground brine storage pit capacity and four wells available for brine production.
The Company owns and operates a marine terminal complex, the Enterprise Hydrocarbons Terminal, located on the Houston Ship Channel. It owns and operates LPG and ethane export terminals and an NGL import facility, all of which are located on the Houston Ship Channel. Its NGL fractionators separate mixed NGL streams into purity NGL products, located in Texas and Louisiana. The primary sources of mixed NGLs fractionated in the United States are domestic natural gas processing plants, crude oil refineries and imports of butane and propane mixtures. Mixed NGLs sourced from domestic natural gas processing plants and crude oil refineries are transported to NGL fractionation facilities by NGL pipelines. Its NGL fractionators include Mont Belvieu, Shoup and Armstrong, Hobbs, Norco, Promix, Baton Rouge and Tebone.
Crude Oil Pipelines & Services
As of December 31, 2016, the Company's Crude Oil Pipelines & Services business segment included approximately 5,400 miles of crude oil pipelines and related operations, crude oil storage and marine terminals and its crude oil marketing activities. The Company's Crude Oil Pipelines & Services segment also included a fleet of approximately 440 tractor-trailer tank trucks, which it leases and operates, that are used to transport crude oil, as of December 31, 2016,. Its crude oil pipelines and related operations include crude oil gathering and transportation pipelines in Texas, Oklahoma and New Mexico. The Company's crude oil pipelines include Seaway Pipeline, Red River System, West Texas System, South Texas Crude Oil Pipeline System, Basin Pipeline, EFS Midstream System and Eagle Ford Crude Oil Pipeline System. It owns terminals located in Houston, Midland and Beaumont, Texas and Cushing, Oklahoma that are used to store crude oil for its customers. Its Crude oil terminals include Enterprise Hydrocarbons Terminal (EHT) crude oil storage complex, Enterprise Crude Houston (ECHO) terminal, Beaumont Marine West Crude Oil Terminal, Cushing terminal, Midland terminal and Morgan's Point terminal.
Natural Gas Pipelines & Services
As of December 31, 2016, the Company's Natural Gas Pipelines & Services segment included approximately 19,120 miles of natural gas pipeline systems that provide for the gathering and transportation of natural gas in Colorado, Louisiana, New Mexico, Texas and Wyoming. The Company leases underground salt dome natural gas storage facilities located in Texas and Louisiana and own an underground salt dome storage cavern in Texas. This segment also includes its related natural gas marketing activities. Its natural gas pipeline systems gather and transport natural gas from producing regions, such as the Eagle Ford Shale, Haynesville Shale, San Juan, Barnett Shale, Permian, Piceance and Greater Green River supply basins. Its natural gas pipelines receives natural gas from producers, other pipelines or shippers at the wellhead or through system interconnects and redeliver the natural gas to processing facilities, electric generation plants, local gas distribution companies, industrial or municipal customers, storage facilities or other onshore pipelines. Its Natural gas pipelines and storage includes Texas Intrastate System, Acadian Gas System, Jonah Gathering System, Piceance Basin Gathering System, San Juan Gathering System, White River Hub, Haynesville Gathering System, Fairplay Gathering System, Indian Springs Gathering System, Delmita Gathering System, South Texas Gathering System and Big Thicket Gathering System.
Petrochemical & Refined Products Services
As of December 31, 2016, the Company's Petrochemical & Refined Products Services business segment included propylene fractionation and related operations, including 686 miles of pipelines; a butane isomerization complex, associated deisobutanizer units and related pipeline assets; octane enhancement and high purity isobutylene production facilities; refined products pipelines aggregating approximately 4,250 miles, terminals and related marketing activities, and marine transportation. As of December 31, 2016, the Company's propylene fractionation and related operations included seven propylene fractionation plants, including pipeline systems aggregating approximately 686 miles, and related petrochemical marketing activities.
The Company's Petrochemical pipelines include Lou-Tex Propylene Pipeline, Texas City refinery grade propylene (RGP) Gathering System, North Dean Pipeline System, Propylene Splitter polymer grade propylene (PGP) Distribution System, Lake Charles PGP Pipeline, La Porte PGP Pipeline and Sabine Pipeline. The Company owns and operates an octane enhancement production facility located in Mont Belvieu, Texas that is designed to produce isooctane, isobutylene and methyl tertiary butyl ether (MTBE). The products produced by this facility are used in in the production of reformulated motor gasoline blends. As of December 31, 2016, it also owned a facility located on the Houston Ship Channel that produced four thousand barrels per day (MBPD) of high purity isobutylene and includes an associated storage facility with approximately 0.6 MMBbls of storage capacity.
The Company owns interest in the Centennial Pipeline L.L.C. joint venture. As of December 31, 2016, the Centennial Pipeline included a 795-mile refined products pipeline that extends from an origination facility located in Beaumont, Texas to Bourbon, Illinois. The principal assets of its refined products marine terminal business are the Beaumont Marine East and Beaumont Marine West Refined Products Terminals. Both facilities are located on the Neches River near Beaumont, Texas, with the East terminal located in Orange County, Texas and the West terminal located in Jefferson County, Texas. As of December 31, 2016, its marine transportation business consisted of 60 tow boats and 138 tank barges that are used to transport refined products, crude oil, asphalt, condensate, heavy fuel oil, LPG and other petroleum products along the United States inland and Intracoastal Waterway systems. Its marine transportation assets service refinery and storage terminal customers along the Mississippi River, the intracoastal waterway between Texas and Florida and the Tennessee-Tombigbee Waterway system. It owns and operates a shipyard and repair facility located in Houma, Louisiana and marine fleeting facilities located in Bourg, Louisiana and Channelview, Texas.
Enterprise Products Partners LP
1100 Louisiana St Fl 10
HOUSTON TX 77002-5432
Company Web Links
- BRIEF-Enterprise reports Q1 earnings per share $0.36
- BRIEF-Enterprise Products Partners to build shin oak NGL pipeline from Permian basin to Mont Belvieu
- BRIEF-Enterprise declares quarterly distribution increase
- BRIEF-Enterprise acquires Azure Natural Gas Gathering System
- UPDATE 2-Enterprise Products Partners' Seaway pipeline shut after leak -traders