Our NGL Pipelines & Services business segment includes 26 natural gas processing plants and related NGL marketing activities; approximately 19,200 miles of NGL pipelines.
Our Crude Oil Pipelines & Services business includes approximately 5,292 miles of onshore crude oil pipelines, storage, terminals, and crude oil marketing activities.
Our Natural Gas Pipelines & Services business segment includes gas pipeline systems that provide for the gathering and transportation of natural gas in Colorado, Louisiana, New Mexico, Texas and Wyoming.
ur Petrochemical & Refined Products Services business segment currently includes: (i) propylene production facilities, which include propylene fractionation units and a propane dehydrogenation ("PDH") facility, approximately 800 miles of pipelines and associated marketing operations.
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Our NGL and related product storage facilities are important components of our midstream energy infrastructure. We use underground storage caverns (or wells) and above ground storage tanks to store mixed and purity NGLs, petrochemical and refined products owned by us and our customers.
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
EPD Initial Public Offering
Issued 12,000,000 limited partner common units in an initial public offering at $22/unit. The net proceeds of $247.2 million were reinvested in the company to fund project developments and future acquisitions. Enterprise Products Partners L.P. is listed on the New York Stock Exchange under ticker symbol EPD.
Agreed to acquire Lou-Tex propylene pipeline from an affiliate of Shell Chemical. The pipeline transports propylene from Sorrento, Louisiana to Mont Belvieu with 30,000 barrels per day of capacity.
Formed a joint venture with Exxon Chemical to construct a propylene concentrator in Baton Rouge, Louisiana with 22,500 barrels per day of production capacity. Construction was completed in mid-2000.
Acquired Tejas Natural Gas Liquids from an affiliate of Shell Oil Company for approximately $375 million in cash and convertible special partnership units. Executed a 20-year natural gas processing agreement with Shell for rights to process all of Shell's natural gas production from the Gulf of Mexico.
Acquired an additional 25% interest in a natural gas liquids fractionator from Kinder Morgan Energy Partners for approximately $45 million in cash and assumed debt. The fractionator, which is located at Mont Belvieu, Texas has a capacity to separate 210,000 barrels per day of natural gas liquids. Enterprise now owns 62.5% of this facility.
Completed construction of a refrigerated export facility located at Enterprise's Houston Ship Channel terminal, with 5,000 barrels per hour of loading capacity.
Commenced operations at the Neptune Natural Gas Processing Plant. Neptune, with the capacity to process 300 million cubic feet per day of natural gas, is located in St. Mary Parish, La., and processes natural gas that is transported on the Nautilus pipeline system. Enterprise operates the plant and has a 66 percent ownership interest, with Marathon Oil Company holding the remaining 34 percent interest.
Commenced operations of Baton Rouge Propylene Concentrator LLC, a joint venture between affiliates of ExxonMobil Chemical Company and Enterprise. The unit upgrades refinery-grade propylene produced by ExxonMobil Chemical and others into chemical-grade propylene, a basic building block petrochemical used in plastics, synthetic fibers, and foams. The facility has the capacity to produce 1.5 billion pounds (680,000 metric tons) per year of chemical-grade propylene.
Completed construction of 12-inch diameter, 206-mile, Lou-Tex NGL Pipeline.
Acquired ownership interests in five natural gas pipeline and gathering systems in the central Gulf of Mexico for $112 million. These systems total approximately 725 miles of pipeline with an aggregate capacity of approximately 2,850 million cubic feet per day.
Acquired Acadian Gas LLC from an affiliate of Shell Oil Company for $244 million in cash. Acadian's assets consist of three Louisiana intrastate pipeline systems with over 1,000 miles of pipeline with a combined capacity of over one billion cubic feet per day.
In January 2014, our ATEX pipeline commenced operations. It transports ethane primarily Southbound from NGL fractionation plants located in Pennsylvania, West Virginia and Ohio to our Mont Belvieu storage complex. The ethane extracted by these fractionation facilities originates from the Marcellus and Utica Shale production areas. In addition to newly constructed pipeline segments, significant portions of the ATEX pipeline consist of segments that were formerly used in refined products transportation service by our TE Products Pipeline. Initial throughput capacity for the ATEX pipeline is 125 MBPD, which could be expanded to approximately 265 MBPD with certain system modifications.
In June 2014, Seaway Crude Pipeline Company LLC ("Seaway") completed a pipeline looping project involving its Longhaul System. This expansion project included the construction of an additional 512-mile, 30-inch pipeline that transports crude oil south from the Cushing hub to Seaway's Jones Creek terminal. With the looping project complete, the aggregate transportation capacity of the Longhaul System is approximately 850 MBPD, depending on the type and mix of crude oil being transported and other variables. Crude oil deliveries using the new pipeline (referred to as the "Seaway Pipeline looping project") commenced in December 2014. Seaway's Jones Creek terminal is connected to our ECHO crude oil storage facility located in Houston, Texas by a 65-mile, 36-inch pipeline. Construction of a 100-mile, 30-inch pipeline from ECHO to Beaumont/Port Arthur, Texas, was also completed in July 2014. These new pipeline construction projects complement ongoing expansion activities at ECHO, which include the completion of three new storage tanks during the second quarter of 2014.
On October 1, 2014, we completed step 1 of our Oiltanking acquisition for total considerations of approximately $4.4 billion. Oiltanking owns marine terminals located on the Houston Ship Channel and at the Port of Beaumont with a total of 12 ship and barge docks and approximately 26 MMBbls of crude oil and petroleum products storage capacity. Oiltanking's marine terminal on the Houston Ship Channel is connected by pipeline to our Mont Belvieu, Texas complex and is integral to our growing LPG export, crude oil storage and octane enhancement and propylene businesses. Our Enterprise Crude Houston ("ECHO") facility is also connected to Oiltanking's system. We have had a strategic relationship and enjoyed mutual growth with Oiltanking and its predecessors since 1983.
Enterprise extended its integrated system further into the natural gas liquids ("NGL") and condensate-rich areas of the Eagle Ford in 2015 by purchasing a 100 percent interest in EFS Midstream LLC ("EFS Midstream") from affiliates of Pioneer Natural Resources Company and Reliance Industries Limited for $2.15 billion. The assets include approximately 460 miles of natural gas pipelines, 10 central gathering plants, 780 million cubic feet per day of natural gas treating capacity and 119,000 barrels per day of condensate stabilization capacity.
According to the terms of the agreement, the Pioneer and Reliance joint development have dedicated its Eagle Ford Shale acreage to Enterprise under a 20-year, fixed-fee gathering agreement that includes a minimum volume requirement for the first seven years. The transaction also includes a related 20-year, fee-based agreement under which Enterprise will provide natural gas processing, NGL transportation and fractionation, as well as transportation services for natural gas, processed condensate and crude oil.
In July of 2015 Enterprise completed the sale of its offshore Gulf of Mexico pipelines and services business to Genesis Energy L.P. for approximately $1.5 billion in cash. The sale, which allows the company to divest assets not directly integrated with the rest of its midstream network, generated proceeds that significantly enhanced Enterprise's financial flexibility and allowed it to pursue attractive growth opportunities, particularly in the Eagle Ford Shale and Permian Basin.
In December of 2015, Enterprise completed the final expansion phase at its LPG export terminal at the Houston Ship Channel. The addition of a new refrigeration train has increased loading rates at the facility from 16,500 barrels per hour ("BPH") to approximately 27,500 BPH. As a result, Enterprise's capability to load low-ethane propane jumps from 9 million barrels per month to 16 million barrels per month.
In May 2016, we announced that our new cryogenic natural gas processing plant located in Eddy County, New Mexico (the “South Eddy” plant) had been placed into service. We constructed the South Eddy plant to serve producers in the Delaware Basin region. The South Eddy plant has a nameplate natural gas processing capacity of 200 MMcf/d and is capable of extracting up to 25 MBPD of NGLs. We also completed construction of approximately 90 miles of natural gas gathering pipelines to supply the new plant. In addition to the South Eddy plant and its related natural gas gathering infrastructure, we also completed a 71-mile extension of our Mid-America Pipeline System. This extension provides producers in the Delaware Basin with NGL takeaway capacity and direct access to our integrated network of NGL assets.
In August 2016, construction of our joint venture-owned Delaware Basin cryogenic natural gas processing plant (referred to as the “Waha” plant) was completed, and the facility was placed into service. The Waha plant, the construction of which is supported by long-term contracts, has a natural gas processing capacity of 150 MMcf/d and is able to extract in excess of 22 MBPD of NGLs. The plant is located in Reeves County, Texas and was designed to accommodate the growing production of NGL-rich natural gas from the Delaware Basin. We own a 50% equity interest in the joint venture that owns the Waha plant, which we operate.
In September 2016, we placed our ethane export terminal located at Morgan’s Point on the Houston Ship Channel (the “Morgan’s Point Ethane Export Terminal”) into commercial service, and the terminal loaded its first vessel bound for Europe with 265,000 barrels of ethane. The Morgan’s Point Ethane Export Terminal, which is the largest of its kind in the world, has an aggregate loading rate (nameplate capacity) of approximately 10,000 barrels per hour of fully refrigerated ethane. Supply for the Morgan’s Point Ethane Export Terminal is sourced from our Mont Belvieu NGL fractionation and storage complex and transported through a new 18-mile pipeline that we completed in February 2016.
The Morgan’s Point Ethane Export Terminal supports growing international demand for abundant U.S. ethane from shale plays, which offers the global petrochemical industry a low-cost feedstock option and supply diversification. By providing producers with access to the export market, the Morgan’s Point Ethane Export Terminal is also facilitating continued development of U.S. energy reserves.
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