Enterprise Offering Additional Capacity on ATEX Express Ethane Pipeline
HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYSE:EPD) today announced the start of a binding open commitment period to determine additional shipper demand for capacity on the partnerships Appalachia-to-Texas (ATEX Express) pipeline. The 1,230-mile system will deliver growing ethane production from the Marcellus/Utica Shale areas of Pennsylvania, West Virginia and Ohio to Mont Belvieu, Texas.
While the long-term commitments we already have are more than sufficient to proceed with the development of ATEX Express pipeline, we continue to receive steady interest from other producers seeking long-term transportation capacity, said A.J. Jim Teague, executive vice president and chief operating officer of Enterprises general partner. We will use this open commitment period to determine market interest in executing additional binding, 15-year transportation agreements.
The open commitment period began today and will close on Thursday, September 27, 2012 at 5 p.m. CDT. For commercial inquiries or additional information related to the open commitment period, please contact Russ Kovin at (713) 381-7925 or email@example.com.
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. The partnerships assets include approximately 50,700 miles of onshore and offshore pipelines; 190 million barrels of storage capacity for NGLs, petrochemicals, refined products and crude oil; and 14 billion cubic feet of natural gas storage capacity. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals; crude oil and refined products transportation, storage and terminals; offshore production platforms; petrochemical transportation and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico. Additional information is available at www.enterpriseproducts.com.
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 Enterprises 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.
Enterprise Products Partners L.P.
Randy Burkhalter, (713) 381-6812
Rick Rainey, (713) 381-3635
Source: Enterprise Products Partners L.P.Copyright Business Wire 2012