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May 25, 2015 2:07 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Enterprise Products Operating LLC

Company Overview

Enterprise Products Operating LLC provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Its NGL Pipelines & Services segment provides natural gas processing and related NGL marketing services, as well as import and export terminal services. This segment operates NGL pipelines aggregating approximately 19,300 miles; NGL and related product storage facilities; and 15 NGL fractionators. The company’s Onshore Natural Gas Pipelines & Services segment operates approximately 19,300 miles of onshore natural gas pipeline systems to gather and transport natural ...

1100 Louisiana Street

10th Floor

Houston, TX 77002

United States

Phone:

713-381-6500

Key Executives for Enterprise Products Operating LLC

Former Chief Financial Officer of Enterprise Products Olpgp Inc, Executive Vice President of Enterprise Products Olpgp Inc, Director of Enterprise Products Olpgp Inc, Chief Financial Officer of Enterprise Products GP LLC - General Partner of Enterprise Products Partners LP and Executive Vice President of Enterprise Products GP LLC - General Partner of Enterprise Products Partners LP
Age: 60
Chief Executive Officer and Vice Chairman of Enterprise Products OLPGP Inc and Member of Executive Committee, Chief Executive Officer, and Vice Chairman of Enterprise Products GP LLC
Age: 78
Principal Accounting Officer, Vice President, and Controller of Enterprise Products OLPGP Inc.
Age: 59
Chief Legal Officer, Executive Vice President, and Director of Enterprise Products OLPGP Inc, and Executive Vice President, Member of Executive Committee, Chief Legal Officer, and Secretary of Enterprise Products GP LLC
Age: 61
Executive Vice President of Enterprise Products GP LLC
Age: 78
Compensation as of Fiscal Year 2014.

Enterprise Products Operating LLC Key Developments

Enterprise Products Operating Mulls Acquisitions

Enterprise Products Operating LLC, which is looking to raise funds through note sale, is looking for acquisitions. The company has $650 million principal amount of Senior Notes G due October 15, 2014. Enterprise Products Operating stated, “Indebtedness under our 364-Day Credit Agreement and commercial paper program was incurred for the Oiltanking GP Purchase. Indebtedness under our multi-year revolving credit facility, 364-Day Credit Agreement and commercial paper program has been and may be incurred for working capital purposes, capital expenditures and other acquisitions. Amounts repaid under our multi-year revolving credit facility or under the 364-Day Credit Agreement may be re-borrowed from time to time to repay commercial paper notes or for acquisitions, capital expenditures and other general company purposes.”

Air Products and Chemicals, Inc. Announces Agreement with Enterprise Products Operating LLC

Air Products and Chemicals Inc., a provider of atmospheric, process and specialty gases, has announced a long-term agreement with Enterprise Products Operating LLC to increase hydrogen supply for refinery and petrochemical customers connected to Air Products' Gulf Coast Connection Pipeline system. Air Products will build, own, and operate a 40 million standard cubic feet per day (MMSCFD) hydrogen production facility to process a hydrogen-rich off-gas stream from a new propane dehydrogenation facility Enterprise is currently constructing in Mont Belvieu, Texas. The new PDH plant is scheduled to begin service in the third quarter of 2015.

Enterprise Products Operating, LLC Enters into 364-Day Revolving Credit Agreement

On June 19, 2013, Enterprise Products Operating LLC entered into a 364-day revolving credit agreement among EPO, as borrower, the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, Citibank, N.A., DNB Bank ASA, New York Branch, JPMorgan Chase Bank, N.A., Mizuho Corporate Bank Ltd. and The Royal Bank of Scotland Plc, as Co-Syndication Agents, and The Bank of Nova Scotia, SunTrust Bank, The Bank of Tokyo-Mitsubishi UFJ Ltd., UBS Securities LLC and Royal Bank of Canada, as Co-Documentation Agents. Under the terms of the 364-day credit agreement, EPO may borrow up to $1.0 billion at a variable interest rate for a term of 364 days, subject to the terms and conditions set forth therein.

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