Enterprise Reports Initial Assessment of Impacts from Tropical Storm Harvey
August 28 2017 - 4:20PM
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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version on businesswire.com: http://www.businesswire.com/news/home/20170828005992/en/
Enterprise Products Partners L.P.Investor RelationsRandy
Burkhalter, 713-381-6812 or 866-230-0745orMedia RelationsRick
Rainey, 713-381-3635
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