Enterprise Products Partners L.P.

SEC Filings

10-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 10-K on 02/28/2018
Entire Document
 

ENTERPRISE PRODUCTS PARTNERS L.P.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 
The following table presents information regarding our AROs for the periods indicated:

 
 
For the Year Ended December 31,
 
 
 
2017
   
2016
   
2015
 
ARO liability beginning balance
 
$
85.4
   
$
58.5
   
$
98.3
 
Liabilities incurred
   
4.7
     
4.2
     
2.7
 
Liabilities settled
   
(2.2
)
   
(5.7
)
   
(6.3
)
Revisions in estimated cash flows
   
(6.7
)
   
24.6
     
49.7
 
Accretion expense
   
5.5
     
3.8
     
5.2
 
AROs related to Offshore Business sold in July 2015
   
--
     
--
     
(91.1
)
ARO liability ending balance
 
$
86.7
   
$
85.4
   
$
58.5
 

The following table presents our forecast of accretion expense for the periods indicated:

2018
   
2019
   
2020
   
2021
   
2022
 
$
5.8
   
$
6.2
   
$
6.5
   
$
6.9
   
$
7.3
 


Note 6.  Investments in Unconsolidated Affiliates

The following table presents our investments in unconsolidated affiliates by business segment at the dates indicated. We account for these investments using the equity method.
 
 
 
Ownership
Interest at
December 31,
2017
   
December 31,
 
         
2017
   
2016
 
NGL Pipelines & Services:
                 
Venice Energy Service Company, L.L.C. (“VESCO”)
 
13.1%
 
 
$
25.7
   
$
24.8
 
K/D/S Promix, L.L.C. (“Promix”)
 
50%
 
   
30.9
     
33.7
 
Baton Rouge Fractionators LLC (“BRF”)
 
32.2%
 
   
17.0
     
17.3
 
Skelly-Belvieu Pipeline Company, L.L.C. (“Skelly-Belvieu”)
 
50%
 
   
37.0
     
38.9
 
Texas Express Pipeline LLC (“Texas Express”)
 
35%
 
   
314.4
     
331.9
 
Texas Express Gathering LLC (“TEG”)
 
45%
 
   
35.9
     
35.8
 
Front Range Pipeline LLC (“Front Range”)
 
33.3%
 
   
165.7
     
165.4
 
Delaware Basin Gas Processing LLC (“Delaware Processing”)
 
50%
 
   
107.3
     
102.6
 
Crude Oil Pipelines & Services:
                    
Seaway Crude Pipeline Company LLC (“Seaway”)
 
50%
 
   
1,378.9
     
1,393.8
 
Eagle Ford Pipeline LLC (“Eagle Ford Crude Oil Pipeline”)
 
50%
 
   
385.2
     
377.9
 
Eagle Ford Terminals Corpus Christi LLC (“Eagle Ford Corpus Christi”)
 
50%
 
   
75.1
     
52.9
 
Natural Gas Pipelines & Services:
                       
White River Hub, LLC (“White River Hub”)
 
50%
 
   
20.8
     
21.7
 
Petrochemical & Refined Products Services:
                       
Centennial Pipeline LLC (“Centennial”)
 
50%
 
   
60.8
     
62.3
 
 Other 
 
Various
     
4.7
     
18.3
 
Total investments in unconsolidated affiliates
         
$
2,659.4
   
$
2,677.3
 

NGL Pipelines & Services
The principal business activity of each investee included in our NGL Pipelines & Services segment is described as follows:

VESCO owns a natural gas processing facility in south Louisiana and a related gathering system that gathers natural gas from certain offshore developments for delivery to its natural gas processing facility.
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