Enterprise Forms Joint Venture with Western Gas Partners to Own Two New NGL
Fractionation Trains at Mont Belvieu
HOUSTON -- June 12, 2013
Enterprise Products Partners L.P. (NYSE:EPD) today announced that the
partnership has entered into a joint venture with Western Gas Partners, LP to
own natural gas liquid (“NGL”) fractionation trains 7 and 8, which are
currently under construction at Enterprise’s complex in Mont Belvieu, Texas.
Western Gas has acquired a 25 percent minority ownership interest in the joint
venture, and Enterprise retains the remaining 75 percent ownership interest.
Trains 7 and 8 have a design capacity to fractionate approximately 170,000
barrels per day BPD of NGLs. These trains are expected to begin commercial
operations in the fourth quarter of 2013.
“We are pleased to partner with Western Gas Partners on NGL fractionation
trains 7 and 8,” said Michael A. Creel, chief executive officer of
Enterprise’s general partner. “This is the third midstream energy
infrastructure project in which we have partnered with Anadarko Petroleum
Corporation and its affiliates. Anadarko is a strategic partner that has made
significant volume dedications to our facilities, including NGLs to our
fractionation complex at Mont Belvieu.”
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 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. The partnership’s assets include
approximately 50,000 miles of onshore and offshore pipelines; 200 million
barrels of storage capacity for NGLs, crude oil, refined products and
petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
Additional information regarding Enterprise can be found on its website,
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 expects, believes or anticipates will or may
occur in the future, including anticipated benefits and other aspects of such
activities, events, developments or transactions, are forward-looking
statements. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially, 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 the reports filed with the
Securities and Exchange Commission by Enterprise. 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 or (866) 230-0745
Rick Rainey, (713) 381-3635
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