HOUSTON--(BUSINESS WIRE)--
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 traffic.
Enterprise will provide additional assessments of its assets as warranted.
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 storage capacity.
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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