On October 1, 2014, we completed step one of our Oiltanking acquisition for total considerations of approximately $4.4 billion. The combined partnership will retain the name Enterprise Products Partners L.P. and will access the largest producing basins of natural gas, NGLs and crude oil in the U.S. and will serve some of the largest consuming regions for natural gas, NGLs, refined products, crude oil and petrochemicals. The arrangement provides for Enterprise and Plains to consolidate certain segments of previously announced pipeline projects servicing the Eagle Ford Shale supply basin. This extension provides producers in the Delaware Basin with NGL takeaway capacity and direct access to our integrated network of NGL assets. We have had a strategic relationship and enjoyed mutual growth with Oiltanking and its predecessors since 1983. WebEnterprise Products Operating LLC owns and operates pipelines. Our Texas Express Pipeline and two related NGL gathering systems commenced operations in November 2013. 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. Purchased the remaining 50% interest in the EPIK NGL export terminal for $19 million. Randa Duncan Williams Historically, southeast Texas refineries have been supplied primarily by waterborne imports of crude oil. Is an airlines schedule its only product attribute? Expanded integrated network of NGL assets in the Permian Basin and Mid-Continent region of the U.S. with the $144 million purchase of NGL underground storage and terminalling assets from a subsidiary of Ferrellgas Partners, L.P. Acquired Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P. ("TEPPCO"), a master limited partnership formed in 1990, for $1.1 billion. Our origins began with Enterprise Products Company, formed in 1968 by Dan Duncan and two partners as a wholesale marketer of natural gas liquids. Enterprise Products Enterprise Products WebFind out the direct holders, institutional holders and mutual fund holders for Enterprise Products Partners L.P. (EPD). Enterprise Products Partners In 2001, average transportation volumes were 641 and 241 MBPD on the Mid-America and Seminole pipelines, respectively. Gathering for The Enterprise 2030 event in Dallas, top leaders from Teradata, Humana and GM Financial shared strategies to elevate the customer experience through data. Completion of this pipeline segment is expected in the fourth quarter of 2013. Commenced operations of Baton Rouge Propylene Concentrator LLC, a joint venture between affiliates of ExxonMobil Chemical Company and Enterprise Products. Where are the biggest opportunities to do more with less, reduce costs, and boost profit? We are committed to sound principles of governance. In March and September 2020, we completed and placed into service two new fractionators at our Chambers County NGL fractionation complex: Frac 10 (March 2020) and Frac 11 (September 2020). WebEnterprise Products Partners L.P. founded in 1968 and is headquartered in Houston, Texas. HPE introduced new GreenLake for Large Language Models, a service-based offering backed its Cray supercomputer. 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. Add alert for EPD Ticker: EPD CUSIP Number: 293792107 Tip: Access positions for across all investors Enterprise Products Partners L.P The Seaway Pipeline delivers crude oil from Cushing, Oklahoma into the Houston and Texas City, Texas market utilizing affiliate and third party pipelines. Completion of this first phase provides us with approximately 0.5 MMBbls of crude oil storage capacity (two tanks) at the site. Completed the purchase of the State Line and Fairplay natural gas gathering and treating systems from subsidiaries of M2 Midstream LLC for approximately $1.2 billion. Enterprise Products Completed the purchase of the State Line and Fairplay natural gas gathering and treating systems from subsidiaries of M2 Midstream LLC for approximately $1.2 billion. Enterprise Products Company is owned by publicly-held Enterprise Products Partners, LP. 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. Enterprise Products Partners Enterprise Products 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. $2.5 billion, according to our most recent tally. The Motley Fool recommends Enterprise Products Partners. The company ranked No. [7] It acquired GulfTerra in September 2004. Replace It With Well-Being, Three Ways To Build A Scalable Enterprise Sales Engine, Typeface Raises $100 Million To Set Up AI Content Factories For Enterprises, HPE Brings AI-as-a-Service to the Enterprise with Its GreenLake for LLMs, 5 Potential Impacts Of Generative AI Within The Enterprise Sector, Combining Physical And Digital Product Development With InnovationOps, The Enterprise 2030: How To Use Data To Improve The Customer Experience, A Crash Course In Understanding The Enterprise-Wide Value Of Data Collaboration, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Enterprise Products Partners L.P. is a publicly traded partnership listed on the New York Stock Exchange (NYSE Ticker: EPD). Enterprise Products completed a merger with Duncan Energy in September, with each common of Duncan Energy converting to 1.01 common units of EPD. Enterprise Products completed its merger with GulfTerra effective September 30, creating one of the largest publicly traded energy partnerships with an enterprise value of approximately $14 billion. Houston billionaire buys nearly 1 million shares of Enterprise Products 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. Is Enterprise Products Partners Stock a Williams joined the family business in 1994 and became president and CEO of Enterprise Products in 2001. Located in northwest Louisiana and East Texas, these assets gather natural gas produced from the Haynesville/Bossier Shales and the Cotton Valley and Taylor Sands formations and will complement the extension of Enterprise's Acadian pipeline system, which will provide shippers with takeaway capacity from the growing Haynesville Shale. Our seventh and eighth NGL fractionators are owned by a joint venture, formed in June 2013, between us and Western Gas Partners, LP ("Western Gas"), which is an affiliate of Anadarko. Enterprise Products Partners L.P. is a publicly traded partnership listed on the New York Stock Exchange (NYSE Ticker: EPD). Who owns Enterprise Products 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 Holdings Enterprise now owns 62.5% of this facility. As currently planned, the expansion of our Eagle Ford Crude Oil Pipeline System would be completed in stages that include adding pumping capacity and looping certain segments of the existing system. In addition to newly constructed pipeline segments, significant portions of the ATEX pipeline consist of segments that were formerly used in refined products transportation service by our TE Products Pipeline. W Hotels live by its service mantra of "whatever/whenever". The expansion also includes constructing an additional 2.3 MMBbls of operational storage capacity at Gardendale, Tilden and Corpus Christi, Texas. The fractionator is located at the Mont Belvieu complex and has the capacity to separate 210 MBPD of mixed NGLs into ethane, propane, normal butane, isobutane and natural gasoline. WebEnterprise Products Partners (EPD) Institutional Ownership $26.41 +0.19 (+0.72%) (As of 05:33 PM ET) Compare Today's Range $26.22 $26.46 50-Day Range $25.27 $26.82 52-Week Range $22.90 $27.36 Volume 2.89 million shs Average Volume 4.45 million shs Market Capitalization $57.43 billion P/E Ratio 10.40 Dividend Yield 7.42% Price Target 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. But few know just how many businesses hes started, lives hes changed, and millions of products hes sold. WebWho owns Enterprise Products Partners? On February 17, 2022, an affiliate of Enterprise Products acquired all of the member interests in Navitas Midstream Partners, LLC ("Navitas Midstream") for $3.2 billion in cash. At the W Maldives, that means modern, friendly and fun a breath of fresh air from most Maldivian resorts. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Enterprise Products Partners L.P The expanded LPG export terminal is expected to be in service by the end of 2015 and is supported by long-term LPG export agreements. Understanding RSI: A Powerful Momentum Indicator for Stock Analysis. Additional pump station additions and modifications, which were completed in January 2013, are expected to increase the pipeline's throughput capacity. Completed construction of 12-inch diameter, 206-mile Lou-Tex NGL Pipeline. With the looping project complete, 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. Homebuilder Stocks Steady; Can They Stay That Way? 1100 Louisiana Street, 10th FloorHouston, TX 77002-5227, Main713-381-6500Investors866-230-0745, View 811 InformationEncroachment Guidelines. Enterprise Products Partners is a company providing midstream energy services. But for customers to repeat on an airline, more features are part of the product suite. 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. Each party holds a one-third ownership interest in the joint venture. Learn more on EPD's institutional investor holdings. This new unit, which has the capacity to fractionate up to 85 MBPD of NGLs, increases total NGL fractionation capacity at our Mont Belvieu complex to approximately 670 MBPD. In April 2017, we closed on the acquisition of a midstream energy business from Azure Midstream Partners, LP and its operating subsidiaries (collectively, Azure) for $191.4 million in cash. Ethylene is the primary feedstock for a wide variety of consumer products, including cell phones and computer parts, food packaging, apparel, textiles and personal protective equipment. ChatGPT And Generative AI: What To Do With All The Productivity? The pipeline looping project is the first segment of the Phase V expansion and includes 75-miles of 36-inch diameter pipe and 12 miles of 24-inch diameter pipe that transport natural gas from the Jonah and Pinedale fields to processing plants and interstate pipelines near Opal, Wyoming. Randa Duncan Williams [BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad), Tesla Production Cranks Into High Gear, Shares Follow. EPE owns 100% of the general partner of EPD. Randa Duncan Williams is the largest individual Enterprise Products Partners shareholder, owning 994.09M shares representing 45.72% of the company. WebEnterprise Products Partners (EPD) Institutional Ownership $26.41 +0.19 (+0.72%) (As of 05:33 PM ET) Compare Today's Range $26.22 $26.46 50-Day Range $25.27 $26.82 52-Week Range $22.90 $27.36 Volume 2.89 million shs Average Volume 4.45 million shs Market Capitalization $57.43 billion P/E Ratio 10.40 Dividend Yield 7.42% Price Target The assets include approximately 460 miles of natural gas pipelines, 10 central gathering plants, 780 million cubic feet per day of natural gas treating capacity and 119,000 barrels per day of condensate stabilization capacity. The White Kitchen Lateral, a new 62-mile, 16-inch diameter natural gas pipeline runs through the heart of the Eagle Ford Shale play and connects two existing 20-inch diameter pipelines that lie at opposite ends of the development that are part of Enterprise Products' South Texas pipeline system. Photo by Bob Levey/Getty Images for U.S. Fund for UNICEF. Enterprise Products The terminal has the capacity to load refrigerated propane and butane at rates of 5,000 Bbls/hour, which are the highest loading rates for any NGL export terminal in the U.S. Enterprise Products now owns 100% of this export terminal. This increased the total NGL fractionation capacity to 760 MBPD at our Mont Belvieu complex. Announced along with TEPPCO through its Jonah Gas Gathering Company joint venture, that a new pipeline looping project, constructed as part of the Phase V expansion of the Jonah Gas Gathering System, was put in service. EPD owns and operates over 50,000 miles of pipelines. 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. Announced the passing of its Chairman, Dan L. Duncan. For the buy write, if WMB closes above $32 on July 28, you will earn 5.35% over 50 days, or 39% annualized. Announced the completion of its crude oil pipeline serving the BHP-Billiton-operated Shenzi field in the Gulf of Mexico. Acquired a 12.5% ownership interest in an NGL fractionator from an affiliate of ChevronTexaco. Completed construction of Mont Belvieu storage and pipeline complex. 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. In July 2017, we executed additional long-term contracts to provide transportation services on the Midland-to-ECHO crude oil pipeline system. 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. Acquired an NGL and petrochemical liquids storage business from Diamond-Koch for $130 million in cash. Completed the construction of its NGL import/export facility on the Houston Ship Channel. WebEnterprise Products Partners (NYSE: EPD) is owned by 26.13% institutional shareholders, 64.65% Enterprise Products Partners insiders, and 9.22% retail investors. Mullen Automotive Stock, Where Do You Stand? The start-up of the initial processing train at the Orla complex will be followed by the start-up of the Orla 2 processing train in the fourth quarter of 2018 and the Orla 3 processing train in 2019. 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. In September 2013, Enterprise Products announced an expansion project at this LPG export terminal that is expected to increase its ability to load cargoes from 7.5 MMBbls per month to approximately 9.0 MMBbls per month. 'Period. The project would utilize a combination of new and existing infrastructure. 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. 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. As a result, Enterprise Products' capability to load low-ethane propane jumps from 9 million barrels per month to 16 million barrels per month. The revitalization of the Eldorado Ballroom marks his first Houston concept outside of nationally acclaimed restaurant Lucilles. This volume of shares sold represents approximately $3.94B in transactions. Enterprise Products Partners Plains will serve as operator of the joint venture's pipeline system. The Baymark pipeline, which is supported by long-term customer commitments, originates in Bayport, Texas and extends 92 miles to Markham, Texas. This fractionator, along with a seventh unit placed into service in September 2013, was built to handle increasing NGL production from 69 domestic shale plays, including the Eagle Ford Shale in South Texas and other supply basins in the Rocky Mountains and Mid-Continent regions. To continue, please click Continue; otherwise, please click Cancel. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our, UK mortgage rates spike to highest level since Truss tax plan spooked markets, Facebook faces legal setback in EU court decision on data privacy and ads, The Taliban are outlawing women's beauty salons in Afghanistan, These 3 Dividends Are En Fuego (Payouts Soaring up to 385%), Grammys CEO on new AI guidelines: Music that contains AI-created elements is eligible. This planned expansion involves the construction of approximately 4.4 MMBbls of combined new crude oil storage capacity at our ECHO storage facility that will increase this facility's capacity to approximately 6.5 MMBbls. WebInvestor Resources. At Lyssy, the joint venture pipeline will interconnect with the Eagle Ford expansion of our South Texas crude oil pipeline system, which commenced operations in June 2012 (see below). WebInvestor Resources. The transaction also includes a related 20-year, fee-based agreement under which Enterprise Products will provide natural gas processing, NGL transportation and fractionation, as well as transportation services for natural gas, processed condensate and crude oil. In 1968, Enterprise Products Company formed as a wholesale marketer of natural gas liquids. 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. Production is expected to ramp up throughout 2005 and 2006 as additional wells are completed. Enterprise Products Enterprise Products Partners The Mont Belvieu facility has capacity to produce approximately 41 MBPD of polymer-grade propylene. Upon completion of these projects, we will be able to provide southeast Texas refiners with an integrated system featuring supply diversification, significant storage capabilities and a high capacity pipeline distribution system that will be directly connected to refineries having an aggregate capacity of approximately 3.6 MMBPD. When fully developed, we estimate that the ECHO terminal could have up to 6.0 MMBbls of crude oil storage capacity. Purchased Piceance Creek Pipeline, LLC, from EnCana Oil & Gas Inc. This purchase volume represents approximately $8.31B in transactions. Enterprise Products The merger agreement was approved by TEPPCO unitholders at a special meeting held on October 23, 2009. In June 2012, Enterprise Products announced plans to build one of the world's largest propane dehydrogenation ("PDH") units, with capacity to produce up to 1.65 billion pounds per year, which equates to approximately 750 thousand metric tons per year or 25 MBPD, of polymer grade propylene. The pipeline has the capacity to deliver up to 600 MBPD of crude oil to the United States' largest refining complex on the Texas Gulf Coast. We also completed construction of approximately 90 miles of natural gas gathering pipelines to supply the new plant. 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 Enterprise Products In December 2020, our ethylene export terminal located at our Morgans Point facility on the Houston Ship Channel entered full service with the commissioning of a refrigerated storage tank capable of handling 66 million pounds of ethylene. The facility has the capacity to produce 1.5 billion pounds (680,000 metric tons) per year of chemical-grade propylene. The ethane extracted by these fractionation facilities originates from the Marcellus and Utica Shale production areas. The 658-mile Shin Oak Pipeline transports growing NGL production from multiple basins, including the Permian, to Enterprise Products' NGL fractionation and storage complex in Mont Belvieu, Texas. We own a 50% member interest in Enterprise Navigator Ethylene Terminal LLC, which owns the export facility. 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. The 36-inch diameter pipeline has the capacity to transport 1 Bcf/d of natural gas from the Barnett Shale to Boardwalk Pipeline Partners, L.P.'s Gulf Crossing pipeline near Sherman, Texas. WebDuncan co-founded Enterprise Products Company in 1968 and took Enterprise Products public in 1998. This expansion project included the construction of an additional 512-mile, 30-inch pipeline that transports crude oil south from Cushing, Oklahoma to Seaway's Jones Creek terminal. A third tank was completed and placed into service in February 2013. In August 2016, construction of our joint venture-owned Delaware Basin cryogenic natural gas processing plant (Waha) was completed, and the facility was placed into service. We own a 45% member interest in Texas Express Gathering LLC. It acquired GulfTerra in September 2004. Yes, physical and digital product teams come from two different worlds, but there must be a common ground where these two can start to speak the same language. Sign up for InsiderTrades.com's daily newsletter to get the latest insider transactions delivered to your inbox daily. Completed the purchase of the State Line and Fairplay natural gas gathering and treating systems from subsidiaries of M2 Midstream LLC for approximately $1.2 billion. Enterprise has completed front-end engineering and design (FEED) and has filed the necessary applications with U.S. Maritime Administration (MARAD) for regulatory approval. Enterprise Products Our South Texas crude oil pipeline system is not part of the new joint venture's pipeline system. 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. 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.
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