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Enterprise Products

American fuel company


American fuel company

FieldValue
nameEnterprise Products Partners L.P.
logoEnterprise Products Partners L.P. logo.svg
typePublic
traded_as
foundation1968
defunct
location_cityEnterprise Plaza
Houston, Texas
location_countryUnited States
key_peopleW. Randall Fowler (co-CEO)
A.J. Teague (co-CEO)
industryOil and gas
productsCrude oil, refined products and certain petrochemicals.
servicesOil and gas transportation
revenueUS$40.806 billion (2021)
operating_incomeUS$6.103 billion (2021)
net_incomeUS$4.755 billion (2021)
assetsUS$67.525 billion (2021)
equityUS$26.438 billion (2021)
ownerDuncan family
num_employees7,000
subsidDixie Pipeline
homepage

Houston, Texas A.J. Teague (co-CEO)

Enterprise Products Partners L.P. () is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Dan Duncan was the majority owner until his death in 2010.

History

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

On July 23, 2007, Cunningham replaced Michael A. Creel as president and CEO of the affiliated Enterprise GP Holdings LP (). 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.

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

Enterprise Products acquired Enterprise GP Holdings in 2010.

Incidents

On June 7, 2005, during replacement of an Enterprise Products pipeline pigging facility in Mirando City, Texas, HVL gases leaked past a stopple. The gases were ignited by a nearby air compressor, killing one of the repair crew.

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.

On December 27, 2011, controllers for Enterprise Products received an alarm, for a leak on an LPG pipeline. The leak location was found in Loving County, Texas. Repair crew excavated the area, and found a full girth weld failure. During the pipeline repair, a flash fire involving residual pipeline product in the soil occurred the next day, injuring 3 employees, one of whom required in-patient hospitalization. The rupture was attributed to the complete circumferential separation of an acetylene girth weld dating to 1928, and the flash fire was attributed to operator error.

On January 26, 2015, a 20-inch Enterprise Products ATEX pipeline carrying ethane exploded and burned in Brooke County, West Virginia. Despite snow in the area, five acres of woodlands burned, and 1,283,000 gallons of ethane were consumed, or lost. The fireball melted siding on nearby homes and damaged power lines; it is believed that day's snowy weather lessened the damage. Reports suspect a girth weld failure from ductile tensile overload, with the pipeline being less than two years old. There were no injuries.

On December 1, 2015, personnel from Enterprise discovered a spill at their West Cushing Tank Farm, in Cushing, Oklahoma. Approximately 42,000 gallons of crude oil were released within the terminal. A tank line had failed from internal corrosion.

On November 29, 2016, an Enterprise Products pipeline exploded in Platte County, Missouri, burning about 210,000 gallons of an ethane propane mixture. There were no evacuations or injuries. The cause of the failure was stress corrosion cracking.

On January 30, 2017, a road crew punctured the Seaway S-1 crude oil pipeline in Texas, which is jointly joined by Enterprise Products Partners and the Canadian Enbridge Inc. through the joint venture Seaway Crude Pipeline Company. Two days later, it was unclear how much oil had spilled over the nearby Highway 121 northeast of Dallas. After the incident, supply concerns reportedly helped push "oil prices 2% higher in early trading to nearly $54 a barrel.{{Citation | access-date =February 1, 2017

On December 6, 2017, an Enterprise Products pipeline exploded around 1:30 am near Loving, in southeast New Mexico. Eddy County officials asked residents within a 2-mile radius of the intersection of U.S. Highway 285 and State Road 31 to voluntarily evacuate.

On August 21, 2020, a dredging vessel hit a submerged Enterprise Products propane pipeline, in the harbor of Corpus Christi, Texas, causing an explosion and fire. Five of the crew were killed, and, six others were injured.

On December 5, 2024, private wells near Durango, Colorado were flooded with 12 feet of gasoline after 23,000 gallons leaked from a broken Enterprise Products pipeline. The spill is atop Florida Mesa, hundreds of feet above the Animas River. Detectors are now finding benzene seepage in intermittent springbeds running down the hillsides toward the river. | access-date=May 12, 2025

Assets

According to the company website and their regulatory fillings, it has the following assets:

Pipelines

51,000 mi of pipelines, including:

  • NGL Pipelines & Services: 19,400 mi of natural gas liquids pipelines
  • Onshore Natural Gas Pipelines & Services: 19,600 mi of natural gas pipelines
  • Onshore Crude Oil Pipelines & Services: 4,600 mi of onshore crude oil pipelines
  • Offshore Pipelines & Services: 2,300 mi of Gulf of Mexico natural gas and crude oil pipelines
  • Propylene Pipelines: 985 mi of propylene pipelines in Texas and Louisiana.

Storage (salt dome)

  • 177 e6oilbbl of NGL storage capacity
  • 27 Gcuft of natural gas storage capacity

Marine Terminals

  • NGL Import/Export Terminals on the Houston Ship Channel
  • Import: unload up to 8,100 Bbls/hr
  • Export: load up to 10,000 Bbls/hr

Fractionation

  • 19 NGL and propylene fractionators
  • NGL: nine plants, with a net capacity of approximately 439 Mbpd
  • Propylene: two facilities, with a net capacity of approximately 87 Mbpd
  • Isomerization: three plants, with a net capacity of approximately 116 Mbpd

Natural gas processing

  • 26 plants, with a net processing capacity of 6.3 Bcf/day

References

References

  1. "Enterprise Products 2021 10K Annual Report".
  2. "Williams Randa Duncan ownership in EPD / Enterprise Products Partners L.P. - 13F, 13D, 13G Filings - Fintel.io".
  3. "EPD Institutional Ownership - Enterprise Products Partners L.P. Stock".
  4. "EPD Institutional Ownership - Enterprise Products Partners L.P. Stock ( 2011-12-31 )".
  5. (18 May 2020). "Enterprise Products Careers & Jobs".
  6. "Exclusive: Firms complain of contaminated crude from U.S. reserve".
  7. "Fortune 500 Companies 2018: Who Made the List".
  8. [https://www.forbes.com/feeds/ap/2007/07/23/ap3940676.html Enterprise GP Holdings Names CEO]{{dead link. (January 2022)
  9. [https://portal.phmsa.dot.gov/oam/server/obrareq.cgi?encquery%3DX%2Btu4sgm5yZz28GntaqgEuqd1itC4KekapbF96xQTUpEpD2hOpZs2itJdaCV0ZNQUNiUDpFcemdyW1c4iGJhKekQbxAoPgoqx6BBvqtfHqS6%2FJ0mirAq9ZwiQahDGa1QH7SvaLUTpRVKkk6EQLdk6Mcp%2FP9ztX0nYROoCoGg9POCKRFhHmqcuuBnxmqPhzqir23XwzDzSBzSwykVEfn9Qc1NXznmaLmFuYrajPPrlMLZsfOPgpYjuhMn3w8T7kYs%2F1St%2FBqPg7CFgfcQmyE%2B56e4dz1WELrzg0kDLmfa22iYKP0QtKzMRWTBXTbr27SNySpkQMhOBCmoqv%2BnAoFAJXe5rkiZNd4xJPuQO%2BryBqo%3D%20agentid%3Dportal_webgate%20ver%3D1%20crmethod%3D2%26cksum%3D2e151a7aebbb83ed6679ea86105d28ea18bec4ba&ECID-Context=1.00j_rQCMh4GFg4w70FrY6F0003ag00QrqD%3BkXjE dot.gov]
  10. Morris, Mike. (8 February 2011). "Natural gas plant burns in Mont Belvieu". Houston Chronicle.
  11. "Failure Investigation Report – Enterprise Products Operating LLC – Girth Weld Failure 12/27/2011".
  12. "Failure Investigation Report—Enterprise Products Operating, LLC: ATEX Ethane Pipeline Failure, Follansbee, West Virginia".
  13. "Archived copy".
  14. [https://web.archive.org/web/20200731010410/https://primis.phmsa.dot.gov/comm/reports/enforce/documents/320195019/320195019_NOPV%20PCP_05282019.pdf Notice of probable violation and proposed civil penalty]
  15. Greenwood, Al. "Texas propane pipeline blast restricts ship traffic at Corpus Christi port".
  16. (August 24, 2020). "Port of Corpus reopens after pipeline fire: Update".
  17. [http://www.enterpriseproducts.com/corpProfile/businessProfile.shtm "Corporate Profile"] {{webarchive. link. (2013-09-04 . Enterprise Products Partners L.P. Retrieved September 16, 2013.)
  18. (October 17, 2014). "Enterprise Products Partners LP". McGraw Hill Financial.
  19. "NGL Pipelines | Enterprise Products".
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