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
 


Crude oil terminals
In addition to the operational storage capacity associated with our crude oil pipelines, we also own and operate crude oil terminals located in Houston, Midland and Beaumont, Texas and Cushing, Oklahoma that are used to store crude oil for us and our customers.  In conjunction with other aspects of our midstream network, our crude oil terminals provide Gulf Coast refiners with an integrated system featuring supply diversification, significant storage capabilities and a high capacity pipeline distribution system that is connected to customers having an aggregate refining capacity of approximately 4.4 MMBPD.

The results of operations from crude oil terminal storage services are primarily dependent upon the level of volumes stored and the length of time such storage occurs, including the level of firm storage capacity reserved, pumpover volumes and the fees associated with each activity.  If the terminal offers marine services, the results of operations from these activities are primarily dependent upon the level of volumes handled and the associated loading/unloading fees we charge for such services.

The following table presents selected information regarding our crude oil terminals at February 1, 2018:

   
Our
Storage
   
Ownership
Capacity
Description of Asset
Location(s)
Interest
(MMBbls)
Crude oil terminals:
     
EHT crude oil storage facility
Texas
100.0%
21.3
ECHO terminal
Texas
100.0%
5.6
Beaumont Marine West Crude Oil terminal
Texas
100.0%
4.1
Cushing terminal
Oklahoma
100.0%
3.5
Midland terminal
Texas
100.0%
2.5
Morgan’s Point terminal
Texas
100.0%
0.1
   Total
   
37.1

The following information describes each of our principal crude oil terminals, all of which we operate.

§
The EHT crude oil storage facility is one of the largest such facilities on the Gulf Coast with 21.3 MMBbls of aggregate crude oil storage capacity through the use of 77 above-ground storage tanks.  This storage facility is part of our EHT complex, which has extensive waterfront access consisting of seven deep-water ship docks and two barge docks.

§
The ECHO terminal is located in Houston, Texas and provides storage customers with access to major refineries located in the Houston, Texas City and Beaumont/Port Arthur areas.  The ECHO terminal also has connections to marine terminals, including our EHT crude oil terminal, that provide access to any refinery on the U.S. Gulf Coast.  Excluding four tanks aggregating 1.8 MMBbls of storage capacity owned or leased by Seaway, the ECHO terminal has 5.6 MMBbls of aggregate storage capacity through the use of 13 above-ground storage tanks.

§
The Beaumont Marine West Crude Oil terminal is a marine terminal complex located on the Neches River near Beaumont, Texas.  This complex has an aggregate crude oil storage capacity of 4.1 MMBbls through the use of 12 above-ground storage tanks.   In addition, this terminal includes four deep-water docks and two barge docks to facilitate the exporting and importing of crude oil and related products.

§
The Cushing terminal provides crude oil storage, pumpover and trade documentation services.  Our terminal in Cushing, Oklahoma has an aggregate storage capacity of 3.5 MMBbls through the use of 20 above-ground storage tanks.

§
The Midland terminal provides crude oil storage, pumpover and trade documentation services.  The Midland, Texas terminal has an aggregate storage capacity of 2.5 MMBbls through the use of 12 above-ground storage tanks.

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