Enterprise Products

Enterprise Products Partners L.P.
Public
Traded as NYSE: EPD
Industry Oil and gas
Founded 1968
Headquarters Enterprise Plaza
Houston, Texas
, United States
Products Crude oil, refined products and certain petrochemicals.
Services Oil and gas transportation
Revenue Increase US$47.95 billion (2014)
Owner Duncan Family
Website www.epplp.com

Enterprise Products Partners L.P. is an American 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, it has the following assets:[1]

Pipelines

51,000 miles (82,000 km) of pipelines,[1] including:

Storage (salt dome)

Drilling platforms

Fractionation

Natural gas processing

History

In 2005, Ralph S. Cunningham became CEO of Enterprise Products Partners.[3]

On July 23, 2007, Cunningham 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 became president and CEO of the company's general partner Enterprise Products Partners L.P.[3]

Cunningham also became a director of both Enterprise GP Holdings and affiliated Duncan Energy Partners LP (NYSE: EPL).[3]

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.[4]

References

  1. 1 2 "Corporate Profile". Enterprise Products Partners L.P. Retrieved September 16, 2013.
  2. 1 2 3 4 "Enterprise Products Partners LP", S&P Capital IQ (stock report) (McGraw Hill Financial), October 17, 2014, p. 2
  3. 1 2 3 Enterprise GP Holdings Names CEO, Forbes. Associated Press. July 23, 2007
  4. Morris, Mike (8 February 2011). "Natural gas plant burns in Mont Belvieu". Houston Chronicle. Retrieved 8 March 2015.

External links

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