Enterprise Resumes Service at Substantially All of Its Major Assets
September 05 2017 - 8:00AM
Business Wire
Enterprise Products Partners L.P. (NYSE: EPD) announced today
that it has made significant progress in restoring service at
substantially all of its major assets impacted by Hurricane
Harvey.
“I could not be more proud of our employees and their
extraordinary efforts to respond to the unprecedented challenges
created by Hurricane Harvey,” said A.J. “Jim” Teague, chief
executive officer of Enterprise’s general partner. “We had
employees who worked tirelessly throughout the storm and its
aftermath, including some who voluntarily worked even though their
own homes were flooded.”
“Enterprise’s most important commitments to our customers are to
provide flow assurance, reliability and market choices. The laser
focus of our employees and the flexibility of our systems allowed
us to continue to provide services to our producing or consuming
customers. Although our actions cost the partnership in excess
of $5 million, we delivered on our commitments,” stated Teague.
Enterprise’s Mont Belvieu complex has resumed commercial
service, including its eight NGL fractionators, six propylene
splitters, isomerization facility and octane enhancement unit.
While NGL storage remains operational and brine containment has
stabilized, the partnership continues to carefully monitor this
situation. Enterprise has not curtailed NGL fractionation or
storage services.
Enterprise’s marine terminals have largely returned to service,
as port restrictions remain in place at certain facilities.
Enterprise’s two marine terminals on the Houston Ship Channel have
resumed commercial service as loadings of ethane, liquefied
petroleum gas (LPG) and polymer grade propylene ships have resumed.
Seaway’s marine terminals in Texas City and Freeport have resumed
service. The partnership’s Beaumont marine terminals are also
operational but are not currently receiving ships since the port
remains closed to traffic.
In South Texas, the partnership’s eight natural gas processing
plants and two NGL fractionators have resumed full operations. In
addition, Enterprise’s natural gas, NGL and crude oil pipelines in
South Texas are in commercial service.
With respect to pipeline operations, issues have been minimal
and have not prevented movements on Enterprise’s mainlines. In
particular, the Seaway pipelines from Cushing to the Gulf Coast
have remained in operation for the duration and all receipt points
are in service. The TE Products pipeline from Beaumont to Midwest
delivery points is operating at full rates. Enterprise’s refined
products terminal in Port Arthur is currently down due to high
water.
While a final assessment of certain locations is still under
way, the company has not incurred significant physical damage to
facilities. Operationally, the partnership continues to face
challenges resulting from curtailments or allocations by some
critical third party service providers.
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Our
services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and import and export terminals; crude oil gathering,
transportation, storage and terminals; petrochemical and refined
products transportation, storage and terminals; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems. The partnership’s
assets include approximately 50,000 miles of pipelines; 260 million
barrels of storage capacity for NGLs, crude oil, refined products
and petrochemicals; and 14 billion cubic feet of natural gas
storage capacity.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170905005571/en/
Enterprise Products Partners L.P.Randy Burkhalter, 713-381-6812
or 866-230-0745Investor RelationsorRick Rainey, 713-381-3635Media
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