Enterprise Gulf Coast Assets Resume Operations; No Significant Damage From Hurricane Isaac Reported
HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYSE:EPD) today announced that personnel have been redeployed to its onshore and offshore facilities affected by Hurricane Isaac and the partnership has begun receiving, or is capable of receiving feed from producers. Assessments of the partnerships offshore platforms that were evacuated prior to the storm have revealed no significant damage. Onshore, natural gas processing facilities in South Louisiana are all operational, as is the Acadian natural gas pipeline system. In addition, Enterprises fractionators are either operating or prepared to receive natural gas liquids (NGL). Third-party operators of infrastructure that feeds Enterprises assets in South Louisiana are in various stages of resuming operations as they address lingering high water and power issues. The Dixie and Lou-Tex pipeline systems are operating normally.
I would like to commend our employees and service providers for their tireless efforts and commitment to safety in preparing for the storm and responding to its aftermath, said Michael A. Creel, president and chief executive officer of Enterprises general partner Particularly impressive among the performance of our assets was the Haynesville Extension of our Acadian natural gas pipeline which was designed to provide greater flexibility and reliable supplies of natural gas to the utility and industrial corridor between Baton Rouge and New Orleans, especially during unexpected events like Gulf storms. The Haynesville Extension remained in service for the duration of Hurricane Isaacs movement across South Louisiana, providing strong line pressure and consistent energy supply for our customers as they worked to deal with the effects of the storm on their operations.
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, Investor Relations, 713-381-6812
Rick Rainey, Media Relations 713-381-3635
Source: Enterprise Products Partners L.P.Copyright Business Wire 2012