Enterprise Products Partners L.P.

SEC Filings

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

The following table presents selected information regarding our crude oil pipelines and related operations at February 1, 2018:

Description of Asset
Crude oil pipelines:
Seaway Pipeline (1)
Texas, Oklahoma
    50.0%  (2)
Red River System (1)
Texas, Oklahoma
West Texas System (1)
Texas, New Mexico
South Texas Crude Oil Pipeline System
Basin Pipeline (1)
Texas, New Mexico, Oklahoma
    13.0%  (3)
EFS Midstream System
Midland-to-ECHO Pipeline System
Eagle Ford Crude Oil Pipeline System
    50.0%  (4)
(1)   Transportation services provided by these liquids pipelines are regulated, in whole or part, by federal governmental agencies.
(2)   Our ownership interest in the Seaway Pipeline is held indirectly through our equity method investment in Seaway Crude Pipeline Company LLC (“Seaway”).
(3)   We proportionately consolidate our undivided interest in the Basin Pipeline.
(4)   Our ownership interest in the Eagle Ford Crude Oil Pipeline System is held indirectly through our equity method investment in Eagle Ford Pipeline LLC.

The maximum number of barrels per day that our crude oil pipelines can transport depends on the operating rates achieved at a given point in time between various segments of each system (e.g., demand levels at each delivery point and grades of crude oil being transported).  As a result, we measure the utilization rates of our crude oil pipelines in terms of net throughput, which is based on our ownership interest.  Total net throughput volumes for these pipelines were 1,820 MBPD, 1,388 MBPD and 1,474 MBPD during the years ended December 31, 2017, 2016 and 2015, respectively.

The following information describes each of our principal crude oil pipelines, all of which we operate with the exception of the Basin Pipeline and Eagle Ford Crude Oil Pipeline System.

The Seaway Pipeline connects the Cushing, Oklahoma crude oil hub with markets in southeast Texas. The Seaway Pipeline is comprised of the Longhaul System, the Freeport System and the Texas City System.  The Cushing hub is a major industry trading hub and price settlement point for West Texas Intermediate (“WTI”) crude oil on the New York Mercantile Exchange (“NYMEX”).

The Longhaul System consists of two 500-mile, 30-inch diameter pipelines that provide north-to-south transportation of crude oil from the Cushing hub to Seaway’s Jones Creek terminal located near Freeport, Texas and a terminal that we own located near Katy, Texas.  The second of these two pipelines, which was placed into commercial service in December 2014, is referred to as the “Seaway Loop.”  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.

The Freeport System consists of two marine ship docks and one barge dock to facilitate imports and exports, three pipelines and other related facilities that transport crude oil to and from Freeport, Texas and the Jones Creek terminal.  The Texas City System consists of two marine ship docks that facilitate imports and exports, and storage tanks, various pipelines and related facilities that transport crude oil to refineries in the Texas City, Texas area and to and from terminals in the Galena Park, Texas area, our Enterprise Crude Houston (“ECHO”) terminal and locations along the Houston Ship Channel.  The Texas City System also receives production from certain offshore Gulf of Mexico developments.  The intrastate transportation capacity of the Freeport System and Texas City System is approximately 480 MBPD and 800 MBPD, respectively.