Type Public Industry Oil and gas CEO A. J. Teague | Traded as NYSE: EPD Founded 1968 CFO Bryan F. Bulawa | |
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Services Oil and gas transportation Revenue US$47.95 billion (2014) Stock price EPD (NYSE) US$ 27.58 -0.02 (-0.07%)10 Mar, 4:00 PM GMT-5 - Disclaimer Headquarters Houston, Texas, United States Subsidiaries Enterprise Products Operating LLC | ||
Enterprise Products Partners L.P. is an American natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004, and is a member of the Fortune 500. Dan Duncan (1933–2010) was the majority owner.
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History
In 2005, Ralph S. Cunningham became CEO of Enterprise Products Partners.
On July 23, 2007, Cunningham replaced Michael A. Creel as president and CEO of the affiliated Enterprise GP Holdings LP (NYSE: EPE). Cunningham had earlier been named interim president and CEO, and resigned from the Enterprise Products CEO position effective July 31, 2007. Creel then became president and CEO of the company's general partner Enterprise Products Partners L.P.
Cunningham also became a director of both Enterprise GP Holdings and affiliated Duncan Energy Partners LP (NYSE: EPL).
Enterprise Products acquired Enterprise GP Holdings in 2010.
Incidents
On February 8, 2011, a series of explosions destroyed much of a Mont Belvieu facility owned and operated by Enterprise Products. The ensuing fire was controlled after two hours. One contractor at the plant was not accounted for, however no other injuries were reported.
On January 30, 2017, a road crew punctured the Seaway S-1 crude oil pipeline in Texas, which is jointly joined by Enterprise Products Partners and the Canadian Enbridge Inc. through the joint venture Seaway Crude Pipeline Company. Two days later, it was unclear how much oil had spilled over the nearby Highway 121 northeast of Dallas. After the incident, supply concerns reportedly helped push "oil prices 2% higher in early trading to nearly $54 a barrel.
Assets
According to the company website, it has the following assets:
Pipelines
51,000 miles (82,000 km) of pipelines, including: