HOUSTON--(BUSINESS WIRE)--Aug. 28, 2017--
Enterprise Products Partners L.P. (NYSE: EPD) today announced the
initial assessment of its facilities on the Texas Gulf Coast from the
impacts of Tropical Storm Harvey. At this time none of the facilities
have incurred any significant damage.
In South Texas, two of Enterprise’s eight natural gas processing plants,
including its largest plant Yoakum, are in service. The remaining six
natural gas processing plants and the Shoup NGL fractionation facility
are currently not in operation due to the effects of the storm including
loss of power, loss of third party services, minor damage and/or the
level of natural gas production. In general, the partnership’s natural
gas, NGL and crude oil pipelines serving South Texas and the Eagle Ford
Shale are in commercial service.
At Enterprise’s Mont Belvieu, Texas facility, four of its eight NGL
fractionators, three of its six propylene fractionators and storage
facilities are in service or limited service. The main impacts of the
storm at Mont Belvieu have been rising water and loss of power.
With respect to crude oil pipeline infrastructure in the Houston area,
the Seaway pipeline from its origin in Cushing, Oklahoma to most
delivery points are in service. Deliveries from Seaway and Enterprise’s
crude oil distribution system to certain delivery points may be on
allocation from time to time or not in service subject to disruptions of
electrical power to pump stations and/or restrictions at receipt points.
Enterprise’s marine terminals are not currently in service due to the
Houston Ship Channel and the Port of Beaumont being closed to ship
traffic. Seaway’s marine terminals at Texas City and Freeport are also
not in service due to these respective ports being closed to ship
Enterprise will provide additional assessments of its assets as
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.
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Source: Enterprise Products Partners L.P.
Enterprise Products Partners L.P.
Burkhalter, 713-381-6812 or 866-230-0745
Rick Rainey, 713-381-3635