HOUSTON--(BUSINESS WIRE)--Sep. 5, 2017--
Enterprise Products Partners L.P. (NYSE: EPD) announced today that it
has made significant progress in restoring service at substantially all
of its major assets impacted by Hurricane Harvey.
“I could not be more proud of our employees and their extraordinary
efforts to respond to the unprecedented challenges created by Hurricane
Harvey,” said A.J. “Jim” Teague, chief executive officer of Enterprise’s
general partner. “We had employees who worked tirelessly throughout the
storm and its aftermath, including some who voluntarily worked even
though their own homes were flooded.”
“Enterprise’s most important commitments to our customers are to provide
flow assurance, reliability and market choices. The laser focus of our
employees and the flexibility of our systems allowed us to continue to
provide services to our producing or consuming customers. Although our
actions cost the partnership in excess of $5 million, we delivered on
our commitments,” stated Teague.
Enterprise’s Mont Belvieu complex has resumed commercial service,
including its eight NGL fractionators, six propylene splitters,
isomerization facility and octane enhancement unit. While NGL storage
remains operational and brine containment has stabilized, the
partnership continues to carefully monitor this situation. Enterprise
has not curtailed NGL fractionation or storage services.
Enterprise’s marine terminals have largely returned to service, as port
restrictions remain in place at certain facilities. Enterprise’s two
marine terminals on the Houston Ship Channel have resumed commercial
service as loadings of ethane, liquefied petroleum gas (LPG) and polymer
grade propylene ships have resumed. Seaway’s marine terminals in Texas
City and Freeport have resumed service. The partnership’s Beaumont
marine terminals are also operational but are not currently receiving
ships since the port remains closed to traffic.
In South Texas, the partnership’s eight natural gas processing plants
and two NGL fractionators have resumed full operations. In addition,
Enterprise’s natural gas, NGL and crude oil pipelines in South Texas are
in commercial service.
With respect to pipeline operations, issues have been minimal and have
not prevented movements on Enterprise’s mainlines. In particular, the
Seaway pipelines from Cushing to the Gulf Coast have remained in
operation for the duration and all receipt points are in service. The TE
Products pipeline from Beaumont to Midwest delivery points is operating
at full rates. Enterprise’s refined products terminal in Port Arthur is
currently down due to high water.
While a final assessment of certain locations is still under way, the
company has not incurred significant physical damage to facilities.
Operationally, the partnership continues to face challenges resulting
from curtailments or allocations by some critical third party service
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. The
partnership’s assets include approximately 50,000 miles of pipelines;
260 million barrels of storage capacity for NGLs, crude oil, refined
products and petrochemicals; and 14 billion cubic feet of natural gas
This press release includes “forward-looking statements” as defined
by the Securities and Exchange Commission. All statements, other than
statements of historical fact, included herein that address activities,
events, developments or transactions that Enterprise and its general
partner expect, believe or anticipate will or may occur in the future
are forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially from expectations, including required approvals by
regulatory agencies, the possibility that the anticipated benefits from
such activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related thereto
will be greater than expected, the impact of competition, and other risk
factors included in Enterprise’s reports filed with the Securities and
Exchange Commission. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of their dates.
Except as required by law, Enterprise does not intend to update or
revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170905005571/en/
Source: Enterprise Products Partners L.P.
Enterprise Products Partners L.P.
713-381-6812 or 866-230-0745