Once NGL fractionators seven and eight are constructed and placed in service, our total gross NGL fractionation capacity at Mont Belvieu (then eight units in total) would approximate 655 MBPD. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. In June 2014, Seaway completed a pipeline looping project involving its Longhaul System. Announced plans to proceed with the construction of a new NGL fractionator that will be located at the interconnection of MAPL and the Seminole Pipeline System near Hobbs, New Mexico. Announced plans to build a new 75 MBPD NGL fractionator at its Mont Belvieu, Texas complex that will provide the partnership with additional capacity to better accommodate growing NGL volumes from producing areas in the Rockies, the Barnett Shale and the emerging Eagle Ford Shale play in South Texas. The company ranked No. The Orla 1 plant has a nameplate capacity of 300 MMcf/d of natural gas processing and is capable of extracting in excess of 40 MBPD of NGLs. Announced the merger of Enterprise Products Partners and TEPPCO Partners, creating the nation's largest publicly traded energy partnership with an enterprise value of approximately $30 billion, 48,000 miles of pipelines and market capitalization of $18 billion. Ford Soars 30% YTD After Breaking Out: What's Next? This expansion project is expected to be completed in the first quarter of 2015. At the W Maldives, that means modern, friendly and fun a breath of fresh air from most Maldivian resorts. WebWho owns Enterprise Products Partners? The sale, which allows the company to divest assets not directly integrated with the rest of its midstream network, generated proceeds that significantly enhanced Enterprise Products' financial flexibility and allowed it to pursue attractive growth opportunities, particularly in the Eagle Ford Shale and Permian Basin.In December of 2015, Enterprise Products completed the final expansion phase at its LPG export terminal at the Houston Ship Channel. Womens World Cup: U.S.-Born Casey Phair In South Koreas Squad, Patous Pre-Couture Disco, Iris Van Herpen Fuses Tech And Tradition, Charles De Vilmorin Starts Afresh, Billionaire Wee Cho Yaws UOL To Sell Singapore Property For $389 Million To Tycoon Choo Chong Ngen, Detox And Retox: The Choice Is Yours At W Maldives. Announced jointly with GulfTerra Energy Partners, L.P. and El Paso Corporation, the execution of definitive agreements to merge Enterprise Products and GulfTerra to form the second largest publicly traded energy partnership. Completed construction of 12-inch diameter, 206-mile Lou-Tex NGL Pipeline. The platform is designed to process production from six anchor fields and has the capacity to connect 10 additional fields. In this article, I will explore five potential generative AI use cases for the enterprise sector which stand to unlock new opportunities and help drive innovation. Announced first deliveries of crude oil to major refining markets on the Texas Gulf Coast through the recently completed Cameron Highway Oil Pipeline System. The 24-inch diameter pipeline has an initial capacity of approximately 250 MBPD and provides takeaway capacity for growing NGL production from multiple basins, including the Permian, where NGL volumes are projected to nearly double within the next three years. The Cerrito gathering systems are comprised of approximately 484 miles of pipeline (including approximately 172 miles of pipe currently under lease from Enterprise Products) and 31,000 horsepower compression, and are connected to over 1,450 wells with an aggregate volume of over 100 MMcf/d of rich natural gas sourced from the Olmos and Wilcox Trends in South Texas. In March 2012, Enterprise Products secured capacity commitments from shippers to proceed with an additional expansion of the Seaway Pipeline. Here are three things to keep in mind when you are ready to take action to enhance your organizations cyber detection capabilities on the storage infrastructure and expand your hybrid cloud deployment. The Morgans Point Ethane Export Terminal supports growing international demand for abundant U.S. ethane from shale plays, which offers the global petrochemical industry a low-cost feedstock option and supply diversification. In June 2012, Enterprise Products and Enbridge Inc. announced that the Seaway Pipeline made its first delivery of crude oil to the Texas Gulf Coast. In June 2021, Enterprise Products, Magellan Midstream Partners, L.P (Magellan) and Intercontinental Exchange, Inc. (ICE) announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston, Texas area in response to market interest for a Houston-based index with greater scale, flow assurance and price transparency. Companies should focus on well-being, and productivity will follow. What percentage of Enterprise Products Partners stock is owned by institutional investors? This volume of shares sold represents approximately $3.94B in transactions. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. The arrival marked the first southbound delivery of crude oil by pipeline from Cushing, Oklahoma, and gives producers access to all of the major refineries in the Greater Houston area and Texas City. The new fractionator will be designed to handle up to 75 MBPD of mixed NGLs which will be sourced from current and future processing plants located in the Rocky Mountain region, the Permian Basin and in the Panhandle area of Texas and Oklahoma on MAPL. Our liquified petroleum gas ("LPG") export services continue to benefit from increased NGL supplies produced from domestic shale plays such as the Eagle Ford Shale and strong international demand for propane as a feedstock in ethylene plant operations and for power generation and heating purposes. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. EPD owns and operates over 50,000 miles of pipelines. Under the terms of the LOI, Enterprise Products and Enbridge agreed to negotiate an equity participation right agreement whereby, subject to SPOT receiving a deepwater port license, an Enbridge affiliate could acquire an ownership interest in SPOT Terminal Services LLC, which owns SPOT. Crude oil deliveries using the new pipeline (referred to as the "Seaway Pipeline looping project") commenced in December 2014. The Mont Belvieu facility has capacity to produce approximately 41 MBPD of polymer-grade propylene. Artificial Intelligence will certainly revamp must of the future vehicles. Commenced operations at the Neptune Natural Gas Processing Plant. The terminal would be capable of fully loading Very Large Crude Carriers (VLCC). Oiltanking owns marine terminals located on the Houston Ship Channel and at the Port of Beaumont with a total of 12 ship and barge docks and approximately 26 MMBbls of crude oil and petroleum products storage capacity. Also, we plan to construct 55 miles of associated pipelines to directly connect the ECHO storage facility with several major refineries in the Ssutheast Texas market. 2023 Forbes Media LLC. The three trains will be able to process up to 1 Bcf/d of natural gas and produce up to 150 MBPD of NGLs when complete. Enterprise Products completed a merger with Duncan Energy in September, with each common of Duncan Energy converting to 1.01 common units of EPD. We understand the responsibility that comes with our role and are committed to operating sustainably for our investors, employees, communities and fellow citizens of the globe. (844) 978-6257. Enbridge serves as operator of the two gathering systems, which link natural gas processing plants in the Anadarko/Granite Wash and Central Texas/Barnett Shale production areas to the Texas Express Pipeline. We own 75% of the joint venture's member interests, with Western Gas owning a 25% noncontrolling interest in the joint venture. Enterprise provides a full range of storage, processing and distribution services to refineries, chemical companies and natural gas users and producers. In addition, shippers have access to our new ECHO crude oil storage terminal. Houston billionaire and philanthropist Randa Duncan Williams bought nearly 1 million shares of Enterprise Products Partners, a pipeline company founded by her late father Dan Duncan in 1968. Due to growing domestic production, we expect a significant increase in North American crude oil deliveries to the Gulf Coast market, which currently lacks sufficient storage capacity and has an inadequate distribution system for handling these varying grades of domestic crude oil. The ethane extracted by these fractionation facilities originates from the Marcellus and Utica Shale production areas. The Motley Fool has a disclosure policy. We own a 45% member interest in Texas Express Gathering LLC. In October 2018, we began commercial service at our 2nd processing train at the Orla cryogenic natural gas processing complex, adding another 300 MMcf/d of natural gas processing capacity and approximately 40 MBPD of NGL extraction capacity. This project will have the capacity to transport up to 1.4 Bcf/d from the Haynesville area through a 249-mile, 36-inch and 30-inch diameter pipeline that will connect to Acadian's existing system as well as its affiliated Cypress Gas Pipeline. The expansion would be completed in phases with final completion expected in the second quarter of 2015. Purchased Piceance Creek Pipeline, LLC, from EnCana Oil & Gas Inc. The pipeline transports propylene from Sorrento, Louisiana to Mont Belvieu with 30 MBPD of capacity. This pipeline expansion, which has a crude oil transportation capacity of 350 MBPD, allows us to serve growing production areas in the Eagle Ford Shale supply basin. WebEnterprise Holdings is an American private holding company headquartered in Clayton, Missouri in Greater St. Louis. The 83-mile Gillis Lateral pipeline originates near Alexandria, Louisiana on our Acadian Haynesville Extension system and extends to third party pipeline interconnects near Gillis, Louisiana, including multiple pipelines serving regional LNG export facilities. We will construct and operate the pipeline, which is expected to begin service in the fourth quarter of 2013. WebDuncan co-founded Enterprise Products Company in 1968 and took Enterprise Products public in 1998. [7] In addition, the ECHO storage facility will have access to our marine NGL and crude oil terminal at Morgan's Point on the Houston Ship Channel. Segments of the new pipeline system are expected to be placed into service in the first quarter of 2013, with the balance of the system expected to be placed into service in the third quarter of 2013. Enterprise Products Company, based in Houston, Texas, is a service company in the natural gas liquids and base chemical industry. Our Texas Express Pipeline and two related NGL gathering systems commenced operations in November 2013. Amended the partnership agreement to cap the general partner's incentive distribution rights at 25% from 50% of total cash distributions. Acquired an NGL and petrochemical liquids storage business from Diamond-Koch for $130 million in cash. In June 2012, Enterprise Products announced that the Eagle Ford expansion of our South Texas crude oil pipeline system commenced operations. Enterprise Products now owns 75% of this facility and is the operator. Is an airlines schedule its only product attribute? WebEnterprise Products Partners L.P. founded in 1968 and is headquartered in Houston, Texas. The completion of the final processing unit at Orla increases natural gas processing capacity at the facility to 900 MMcf/d and allows Enterprise Products to produce in excess of 140 MBPD of NGLs. The Motley Fool owns shares of and recommends Enbridge and Kinder Morgan. Add alert for EPD Ticker: EPD CUSIP Number: 293792107 Tip: Access positions for across all investors Related by Industry: Construction, Oil & Gas Operations, Mining and Chemicals, Located in Houston-Sugar Land-Baytown, TX Metropolitan Area. Seaway's Jones Creek terminal is connected to our ECHO crude oil storage facility located in Houston, Texas by a 65-mile, 36-inch pipeline. Which institutional investors have been buying Enterprise Products Partners stock? The PDH facility is expected to consume up to 35 MBPD of propane as feedstock and be located in southeast Texas along the Gulf Coast. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The recently completed Gillis Lateral pipeline has the capability to transport approximately 1.0 Bcf/d of natural gas. Reflects change since 5 pm ET of prior trading day. 2023 Forbes Media LLC. Learn more on EPD's institutional investors. Zak Williams, Son Of Late Actor Robin Williams, Has Tips For Depressed Professionals, Pharrell Williams First Menswear Collection For Louis Vuitton Takes Paris Fashion Week By Storm, James Beard Nominee Chef Chris Williams To Open Historic New Concept, Treat Williams Dead: Everwood And Hair Star Was 71, Why Danny Duncan Is YouTubes Most Underrated Star, Writing Calls On Williams Cos. With Dividend In The Pipeline Tomorrow, The Top 10 Richest Women In The World 2023, The World's 15 Youngest Billionaires 2023, Billionaires 2023: The Top 10 Richest People In The World, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The Aegis Ethane Pipeline is expected to commence operations in stages, with initial sections starting service in the third quarter of 2014 and the remaining sections at different times through the second quarter of 2015. contact@marketbeat.com The two new fractionation units (each with 85 MBPD of expected capacity) are forecast to commence operations during the fourth quarter of 2013 and support the continued growth of NGL production from resource basins such as the Eagle Ford Shale in Texas and various production areas in the Rocky Mountains and the Mid-Continent. Donald Trumps real net worth? Acquired Tejas Natural Gas Liquids from an affiliate of Shell Oil Company for approximately $375 million in cash and convertible special partnership units. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It serves producers and consumers of natural gas, crude oil, petrochemicals, natural gas liquids, and refined products. WebAbout us. Purchased the remaining 50% interest in the EPIK NGL export terminal for $19 million. Enterprise Products is one of North America's leading providers of midstream energy services. Acquired 100% of the Toca-Western natural gas processing plant and NGL fractionator from Western Gas Resources for $32.5 million in cash. In related transactions, Enterprise Products purchased approximately 13.8 million GulfTerra limited partner units for $500 million from El Paso Corporation, and the remaining 57.8 million common units of GulfTerra were converted into approximately 104.5 million Enterprise Products common units based on an exchange rate of 1.81 Enterprise Products units for each GulfTerra unit. In January 2014, our ATEX pipeline commenced operations. Enterprise Products Company is owned by publicly-held Enterprise Products Partners, LP. This purchase volume represents approximately $8.31B in transactions. These new pipeline construction projects complement ongoing expansion activities at ECHO, which include the completion of three new storage tanks during the second quarter of 2014. Real-time analyst ratings, insider transactions, earnings data, and more. Acquired Wanda Petroleum Company (pipeline and storage assets) from Dow Chemical. Additionally, Enterprise Products will own, install and operate the Independence Trail, a 24-inch, 140-mile pipeline at an estimated cost of $280 million that will redeliver production from the platform into Tennessee Gas Pipeline. Enterprise Products announced significant capital growth projects in 2011, largely focused on newly developing shale plays where we have an existing presence and the ability to link-and-lever new builds with our existing infrastructure. The new facility will be integrated with our existing propylene fractionation facilities, which will provide operational reliability and flexibility for both the PDH facility and the fractionation facilities. The Celtics balanced their roster in dealing away Marcus Smart for Kristaps Porzingis ahead of the NBA draft. Of the 768 institutional investors that sold Enterprise Products Partners stock in the last 24 months, the following investors and hedge funds have sold the highest volume of shares: Goldman Sachs Group Inc. ($24.24M), Blackstone Inc. ($14.80M), Massachusetts Financial Services Co. MA ($10.38M), Natixis ($7.68M), Putnam Investments LLC ($7.19M), Tortoise Capital Advisors L.L.C. The merger agreement was approved by TEPPCO unitholders at a special meeting held on October 23, 2009. Completed expansion of Mont Belvieu NGL fractionation capacity for the 4th time to 210 MBPD. ChatGPT And Generative AI: What To Do With All The Productivity? Initial public offering of Duncan Energy Partners, L.P. (NYSE: DEP) of 14,950,000 common units priced at $21.00 per common unit. The net proceeds of $247.2 million were reinvested in the company to fund project developments and future acquisitions. This expansion project is supported by a 50-year service agreement with Oiltanking Partners, L.P. ("Oiltanking"), which has agreed to provide additional dock space and related services to us at the terminal site. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. The Texas Express Pipeline is owned by Texas Express Pipeline LLC, which is a joint venture among us and affiliates of Enbridge Energy Partners, L.P. ("Enbridge"), Anadarko and DCP Midstream Partners ("DCP"). American Airlines thinks so. In March 2012, Enterprise Products announced plans to construct two additional NGL fractionators at our Mont Belvieu, Texas complex (NGL fractionators seven and eight) that are expected to provide us with 170 MBPD of incremental NGL fractionation capacity. Announced that the Board approved the implementation of a cash distribution reinvestment plan ("DRIP") for the Partnership's common limited partner units. Construction, Oil & Gas Operations, Mining and Chemicals. Another 34-mile, 24-inch diameter natural gas pipeline is under construction that will be the first segment of a major, east-west Eagle Ford Shale mainline and designed to connect to the partnership's South Texas pipeline system in southwest LaSalle County to the White Kitchen Lateral and should also be in service in the second quarter of 2010. In 2001, average transportation volumes were 641 and 241 MBPD on the Mid-America and Seminole pipelines, respectively. Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. This increased the total NGL fractionation capacity to 760 MBPD at our Mont Belvieu complex. Production is expected to ramp up throughout 2005 and 2006 as additional wells are completed. EPE unitholders received 1.5 EPD common units of Enterprise Products in exchange for each EPE limited partner unit. In December 2021, we announced recently starting commercial service on our new Gillis Lateral pipeline and the associated expansion of our existing Acadian Haynesville Extension system to serve the growing liquefied natural gas (LNG) market on the Gulf Coast. Enterprise Products Partners is a company providing midstream energy services. Construction was completed in mid-2000. The new pipeline originates at our Lyssy station in Karnes County, Texas and extends 147 miles to Sealy, Texas and includes 2.4 MMBbls of crude oil storage, including 0.8 MMBbls in Karnes County, Texas, 0.4 MMBbls in Gonzales County, Texas and 1.2 MMBbls at Sealy, Texas. It serves producers and consumers of natural gas, crude oil, petrochemicals, natural gas liquids, and refined products. WebInvestor Resources. But finding a fiery leader is the team's new challenge. Houston billionaire and philanthropist Randa Duncan Williams bought nearly 1 million shares of Enterprise Products Partners, a pipeline company founded by her late father Dan Duncan in 1968. Billionaire investor Bill Gross is loading up on EPD and see why we think you should also load it. Completed construction of the West Texas NGL fractionator at Mont Belvieu with 35 MBPD of capacity. Of the 1,133 institutional investors that purchased Enterprise Products Partners stock in the last 24 months, the following investors and hedge funds have bought the highest volume of shares: Moneta Group Investment Advisors LLC ($132.26M), Marquard & Bahls AG ($36.95M), CIBC Private Wealth Group LLC ($13.98M), First Trust Advisors LP ($11.38M), Cowa LLC ($7.73M), American Century Companies Inc. ($7.09M), and BlackRock Inc. ($6.15M).
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Once NGL fractionators seven and eight are constructed and placed in service, our total gross NGL fractionation capacity at Mont Belvieu (then eight units in total) would approximate 655 MBPD. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. In June 2014, Seaway completed a pipeline looping project involving its Longhaul System. Announced plans to proceed with the construction of a new NGL fractionator that will be located at the interconnection of MAPL and the Seminole Pipeline System near Hobbs, New Mexico. Announced plans to build a new 75 MBPD NGL fractionator at its Mont Belvieu, Texas complex that will provide the partnership with additional capacity to better accommodate growing NGL volumes from producing areas in the Rockies, the Barnett Shale and the emerging Eagle Ford Shale play in South Texas. The company ranked No. The Orla 1 plant has a nameplate capacity of 300 MMcf/d of natural gas processing and is capable of extracting in excess of 40 MBPD of NGLs. Announced the merger of Enterprise Products Partners and TEPPCO Partners, creating the nation's largest publicly traded energy partnership with an enterprise value of approximately $30 billion, 48,000 miles of pipelines and market capitalization of $18 billion. Ford Soars 30% YTD After Breaking Out: What's Next? This expansion project is expected to be completed in the first quarter of 2015. At the W Maldives, that means modern, friendly and fun a breath of fresh air from most Maldivian resorts. WebWho owns Enterprise Products Partners? The sale, which allows the company to divest assets not directly integrated with the rest of its midstream network, generated proceeds that significantly enhanced Enterprise Products' financial flexibility and allowed it to pursue attractive growth opportunities, particularly in the Eagle Ford Shale and Permian Basin.In December of 2015, Enterprise Products completed the final expansion phase at its LPG export terminal at the Houston Ship Channel. Womens World Cup: U.S.-Born Casey Phair In South Koreas Squad, Patous Pre-Couture Disco, Iris Van Herpen Fuses Tech And Tradition, Charles De Vilmorin Starts Afresh, Billionaire Wee Cho Yaws UOL To Sell Singapore Property For $389 Million To Tycoon Choo Chong Ngen, Detox And Retox: The Choice Is Yours At W Maldives. Announced jointly with GulfTerra Energy Partners, L.P. and El Paso Corporation, the execution of definitive agreements to merge Enterprise Products and GulfTerra to form the second largest publicly traded energy partnership. Completed construction of 12-inch diameter, 206-mile Lou-Tex NGL Pipeline. The platform is designed to process production from six anchor fields and has the capacity to connect 10 additional fields. In this article, I will explore five potential generative AI use cases for the enterprise sector which stand to unlock new opportunities and help drive innovation. Announced first deliveries of crude oil to major refining markets on the Texas Gulf Coast through the recently completed Cameron Highway Oil Pipeline System. The 24-inch diameter pipeline has an initial capacity of approximately 250 MBPD and provides takeaway capacity for growing NGL production from multiple basins, including the Permian, where NGL volumes are projected to nearly double within the next three years. The Cerrito gathering systems are comprised of approximately 484 miles of pipeline (including approximately 172 miles of pipe currently under lease from Enterprise Products) and 31,000 horsepower compression, and are connected to over 1,450 wells with an aggregate volume of over 100 MMcf/d of rich natural gas sourced from the Olmos and Wilcox Trends in South Texas. In March 2012, Enterprise Products secured capacity commitments from shippers to proceed with an additional expansion of the Seaway Pipeline. Here are three things to keep in mind when you are ready to take action to enhance your organizations cyber detection capabilities on the storage infrastructure and expand your hybrid cloud deployment. The Morgans Point Ethane Export Terminal supports growing international demand for abundant U.S. ethane from shale plays, which offers the global petrochemical industry a low-cost feedstock option and supply diversification. In June 2012, Enterprise Products and Enbridge Inc. announced that the Seaway Pipeline made its first delivery of crude oil to the Texas Gulf Coast. In June 2021, Enterprise Products, Magellan Midstream Partners, L.P (Magellan) and Intercontinental Exchange, Inc. (ICE) announced the establishment of a new futures contract for the physical delivery of crude oil in the Houston, Texas area in response to market interest for a Houston-based index with greater scale, flow assurance and price transparency. Companies should focus on well-being, and productivity will follow. What percentage of Enterprise Products Partners stock is owned by institutional investors? This volume of shares sold represents approximately $3.94B in transactions. Enterprise Products owns over 50,000 miles of energy pipelines, natural gas processing plants and a large oil storage facility on the Gulf Coast. The arrival marked the first southbound delivery of crude oil by pipeline from Cushing, Oklahoma, and gives producers access to all of the major refineries in the Greater Houston area and Texas City. The new fractionator will be designed to handle up to 75 MBPD of mixed NGLs which will be sourced from current and future processing plants located in the Rocky Mountain region, the Permian Basin and in the Panhandle area of Texas and Oklahoma on MAPL. Our liquified petroleum gas ("LPG") export services continue to benefit from increased NGL supplies produced from domestic shale plays such as the Eagle Ford Shale and strong international demand for propane as a feedstock in ethylene plant operations and for power generation and heating purposes. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. EPD owns and operates over 50,000 miles of pipelines. Under the terms of the LOI, Enterprise Products and Enbridge agreed to negotiate an equity participation right agreement whereby, subject to SPOT receiving a deepwater port license, an Enbridge affiliate could acquire an ownership interest in SPOT Terminal Services LLC, which owns SPOT. Crude oil deliveries using the new pipeline (referred to as the "Seaway Pipeline looping project") commenced in December 2014. The Mont Belvieu facility has capacity to produce approximately 41 MBPD of polymer-grade propylene. Artificial Intelligence will certainly revamp must of the future vehicles. Commenced operations at the Neptune Natural Gas Processing Plant. The terminal would be capable of fully loading Very Large Crude Carriers (VLCC). Oiltanking owns marine terminals located on the Houston Ship Channel and at the Port of Beaumont with a total of 12 ship and barge docks and approximately 26 MMBbls of crude oil and petroleum products storage capacity. Also, we plan to construct 55 miles of associated pipelines to directly connect the ECHO storage facility with several major refineries in the Ssutheast Texas market. 2023 Forbes Media LLC. The three trains will be able to process up to 1 Bcf/d of natural gas and produce up to 150 MBPD of NGLs when complete. Enterprise Products completed a merger with Duncan Energy in September, with each common of Duncan Energy converting to 1.01 common units of EPD. We understand the responsibility that comes with our role and are committed to operating sustainably for our investors, employees, communities and fellow citizens of the globe. (844) 978-6257. Enbridge serves as operator of the two gathering systems, which link natural gas processing plants in the Anadarko/Granite Wash and Central Texas/Barnett Shale production areas to the Texas Express Pipeline. We own 75% of the joint venture's member interests, with Western Gas owning a 25% noncontrolling interest in the joint venture. Enterprise provides a full range of storage, processing and distribution services to refineries, chemical companies and natural gas users and producers. In addition, shippers have access to our new ECHO crude oil storage terminal. Houston billionaire and philanthropist Randa Duncan Williams bought nearly 1 million shares of Enterprise Products Partners, a pipeline company founded by her late father Dan Duncan in 1968. Due to growing domestic production, we expect a significant increase in North American crude oil deliveries to the Gulf Coast market, which currently lacks sufficient storage capacity and has an inadequate distribution system for handling these varying grades of domestic crude oil. The ethane extracted by these fractionation facilities originates from the Marcellus and Utica Shale production areas. The Motley Fool has a disclosure policy. We own a 45% member interest in Texas Express Gathering LLC. In October 2018, we began commercial service at our 2nd processing train at the Orla cryogenic natural gas processing complex, adding another 300 MMcf/d of natural gas processing capacity and approximately 40 MBPD of NGL extraction capacity. This project will have the capacity to transport up to 1.4 Bcf/d from the Haynesville area through a 249-mile, 36-inch and 30-inch diameter pipeline that will connect to Acadian's existing system as well as its affiliated Cypress Gas Pipeline. The expansion would be completed in phases with final completion expected in the second quarter of 2015. Purchased Piceance Creek Pipeline, LLC, from EnCana Oil & Gas Inc. The pipeline transports propylene from Sorrento, Louisiana to Mont Belvieu with 30 MBPD of capacity. This pipeline expansion, which has a crude oil transportation capacity of 350 MBPD, allows us to serve growing production areas in the Eagle Ford Shale supply basin. WebEnterprise Holdings is an American private holding company headquartered in Clayton, Missouri in Greater St. Louis. The 83-mile Gillis Lateral pipeline originates near Alexandria, Louisiana on our Acadian Haynesville Extension system and extends to third party pipeline interconnects near Gillis, Louisiana, including multiple pipelines serving regional LNG export facilities. We will construct and operate the pipeline, which is expected to begin service in the fourth quarter of 2013. WebDuncan co-founded Enterprise Products Company in 1968 and took Enterprise Products public in 1998. [7] In addition, the ECHO storage facility will have access to our marine NGL and crude oil terminal at Morgan's Point on the Houston Ship Channel. Segments of the new pipeline system are expected to be placed into service in the first quarter of 2013, with the balance of the system expected to be placed into service in the third quarter of 2013. Enterprise Products Company, based in Houston, Texas, is a service company in the natural gas liquids and base chemical industry. Our Texas Express Pipeline and two related NGL gathering systems commenced operations in November 2013. Amended the partnership agreement to cap the general partner's incentive distribution rights at 25% from 50% of total cash distributions. Acquired an NGL and petrochemical liquids storage business from Diamond-Koch for $130 million in cash. In June 2012, Enterprise Products announced that the Eagle Ford expansion of our South Texas crude oil pipeline system commenced operations. Enterprise Products now owns 75% of this facility and is the operator. Is an airlines schedule its only product attribute? WebEnterprise Products Partners L.P. founded in 1968 and is headquartered in Houston, Texas. The completion of the final processing unit at Orla increases natural gas processing capacity at the facility to 900 MMcf/d and allows Enterprise Products to produce in excess of 140 MBPD of NGLs. The Motley Fool owns shares of and recommends Enbridge and Kinder Morgan. Add alert for EPD Ticker: EPD CUSIP Number: 293792107 Tip: Access positions for across all investors Related by Industry: Construction, Oil & Gas Operations, Mining and Chemicals, Located in Houston-Sugar Land-Baytown, TX Metropolitan Area. Seaway's Jones Creek terminal is connected to our ECHO crude oil storage facility located in Houston, Texas by a 65-mile, 36-inch pipeline. Which institutional investors have been buying Enterprise Products Partners stock? The PDH facility is expected to consume up to 35 MBPD of propane as feedstock and be located in southeast Texas along the Gulf Coast. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The recently completed Gillis Lateral pipeline has the capability to transport approximately 1.0 Bcf/d of natural gas. Reflects change since 5 pm ET of prior trading day. 2023 Forbes Media LLC. Learn more on EPD's institutional investors. Zak Williams, Son Of Late Actor Robin Williams, Has Tips For Depressed Professionals, Pharrell Williams First Menswear Collection For Louis Vuitton Takes Paris Fashion Week By Storm, James Beard Nominee Chef Chris Williams To Open Historic New Concept, Treat Williams Dead: Everwood And Hair Star Was 71, Why Danny Duncan Is YouTubes Most Underrated Star, Writing Calls On Williams Cos. With Dividend In The Pipeline Tomorrow, The Top 10 Richest Women In The World 2023, The World's 15 Youngest Billionaires 2023, Billionaires 2023: The Top 10 Richest People In The World, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The Aegis Ethane Pipeline is expected to commence operations in stages, with initial sections starting service in the third quarter of 2014 and the remaining sections at different times through the second quarter of 2015. contact@marketbeat.com The two new fractionation units (each with 85 MBPD of expected capacity) are forecast to commence operations during the fourth quarter of 2013 and support the continued growth of NGL production from resource basins such as the Eagle Ford Shale in Texas and various production areas in the Rocky Mountains and the Mid-Continent. Donald Trumps real net worth? Acquired Tejas Natural Gas Liquids from an affiliate of Shell Oil Company for approximately $375 million in cash and convertible special partnership units. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. It serves producers and consumers of natural gas, crude oil, petrochemicals, natural gas liquids, and refined products. WebAbout us. Purchased the remaining 50% interest in the EPIK NGL export terminal for $19 million. Enterprise Products is one of North America's leading providers of midstream energy services. Acquired 100% of the Toca-Western natural gas processing plant and NGL fractionator from Western Gas Resources for $32.5 million in cash. In related transactions, Enterprise Products purchased approximately 13.8 million GulfTerra limited partner units for $500 million from El Paso Corporation, and the remaining 57.8 million common units of GulfTerra were converted into approximately 104.5 million Enterprise Products common units based on an exchange rate of 1.81 Enterprise Products units for each GulfTerra unit. In January 2014, our ATEX pipeline commenced operations. Enterprise Products Company is owned by publicly-held Enterprise Products Partners, LP. This purchase volume represents approximately $8.31B in transactions. These new pipeline construction projects complement ongoing expansion activities at ECHO, which include the completion of three new storage tanks during the second quarter of 2014. Real-time analyst ratings, insider transactions, earnings data, and more. Acquired Wanda Petroleum Company (pipeline and storage assets) from Dow Chemical. Additionally, Enterprise Products will own, install and operate the Independence Trail, a 24-inch, 140-mile pipeline at an estimated cost of $280 million that will redeliver production from the platform into Tennessee Gas Pipeline. Enterprise Products announced significant capital growth projects in 2011, largely focused on newly developing shale plays where we have an existing presence and the ability to link-and-lever new builds with our existing infrastructure. The new facility will be integrated with our existing propylene fractionation facilities, which will provide operational reliability and flexibility for both the PDH facility and the fractionation facilities. The Celtics balanced their roster in dealing away Marcus Smart for Kristaps Porzingis ahead of the NBA draft. Of the 768 institutional investors that sold Enterprise Products Partners stock in the last 24 months, the following investors and hedge funds have sold the highest volume of shares: Goldman Sachs Group Inc. ($24.24M), Blackstone Inc. ($14.80M), Massachusetts Financial Services Co. MA ($10.38M), Natixis ($7.68M), Putnam Investments LLC ($7.19M), Tortoise Capital Advisors L.L.C. The merger agreement was approved by TEPPCO unitholders at a special meeting held on October 23, 2009. Completed expansion of Mont Belvieu NGL fractionation capacity for the 4th time to 210 MBPD. ChatGPT And Generative AI: What To Do With All The Productivity? Initial public offering of Duncan Energy Partners, L.P. (NYSE: DEP) of 14,950,000 common units priced at $21.00 per common unit. The net proceeds of $247.2 million were reinvested in the company to fund project developments and future acquisitions. This expansion project is supported by a 50-year service agreement with Oiltanking Partners, L.P. ("Oiltanking"), which has agreed to provide additional dock space and related services to us at the terminal site. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. The Texas Express Pipeline is owned by Texas Express Pipeline LLC, which is a joint venture among us and affiliates of Enbridge Energy Partners, L.P. ("Enbridge"), Anadarko and DCP Midstream Partners ("DCP"). American Airlines thinks so. In March 2012, Enterprise Products announced plans to construct two additional NGL fractionators at our Mont Belvieu, Texas complex (NGL fractionators seven and eight) that are expected to provide us with 170 MBPD of incremental NGL fractionation capacity. Announced that the Board approved the implementation of a cash distribution reinvestment plan ("DRIP") for the Partnership's common limited partner units. Construction, Oil & Gas Operations, Mining and Chemicals. Another 34-mile, 24-inch diameter natural gas pipeline is under construction that will be the first segment of a major, east-west Eagle Ford Shale mainline and designed to connect to the partnership's South Texas pipeline system in southwest LaSalle County to the White Kitchen Lateral and should also be in service in the second quarter of 2010. In 2001, average transportation volumes were 641 and 241 MBPD on the Mid-America and Seminole pipelines, respectively. Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. This increased the total NGL fractionation capacity to 760 MBPD at our Mont Belvieu complex. Production is expected to ramp up throughout 2005 and 2006 as additional wells are completed. EPE unitholders received 1.5 EPD common units of Enterprise Products in exchange for each EPE limited partner unit. In December 2021, we announced recently starting commercial service on our new Gillis Lateral pipeline and the associated expansion of our existing Acadian Haynesville Extension system to serve the growing liquefied natural gas (LNG) market on the Gulf Coast. Enterprise Products Partners is a company providing midstream energy services. Construction was completed in mid-2000. The new pipeline originates at our Lyssy station in Karnes County, Texas and extends 147 miles to Sealy, Texas and includes 2.4 MMBbls of crude oil storage, including 0.8 MMBbls in Karnes County, Texas, 0.4 MMBbls in Gonzales County, Texas and 1.2 MMBbls at Sealy, Texas. It serves producers and consumers of natural gas, crude oil, petrochemicals, natural gas liquids, and refined products. WebInvestor Resources. But finding a fiery leader is the team's new challenge. Houston billionaire and philanthropist Randa Duncan Williams bought nearly 1 million shares of Enterprise Products Partners, a pipeline company founded by her late father Dan Duncan in 1968. Billionaire investor Bill Gross is loading up on EPD and see why we think you should also load it. Completed construction of the West Texas NGL fractionator at Mont Belvieu with 35 MBPD of capacity. Of the 1,133 institutional investors that purchased Enterprise Products Partners stock in the last 24 months, the following investors and hedge funds have bought the highest volume of shares: Moneta Group Investment Advisors LLC ($132.26M), Marquard & Bahls AG ($36.95M), CIBC Private Wealth Group LLC ($13.98M), First Trust Advisors LP ($11.38M), Cowa LLC ($7.73M), American Century Companies Inc. ($7.09M), and BlackRock Inc. ($6.15M). Danville, Ca Shooting Today,
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