April 30, 2016 2:08 PM 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. The company’s NGL Pipelines & Services segment offers natural gas processing and related NGL marketing services, as well as export docks and related services. This segment operates NGL pipelines aggregating approximately 19,500 miles; NGL and related product storage facilities; and 15 NGL fractionators. Its Crude Oil Pipelines & Services segment operates approximately 5,400 miles of crude oil pipelines and related operations; and markets crude oil. This segment’s pi...

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: 61
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: 79
Principal Accounting Officer, Vice President, and Controller of Enterprise Products OLPGP Inc.
Age: 60
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: 62
Executive Vice President of Enterprise Products GP LLC
Age: 79
Compensation as of Fiscal Year 2015.

Enterprise Products Operating LLC Key Developments

Enterprise Products Operating LLC Increases Capacity of Bank Credit Facilities by $500 Million to $5.5 Billion

Enterprise Products Operating LLC increased its bank credit facilities by $500 million to provide the company with up to $5.5 billion of aggregate borrowing capacity. The facilities consist of an amended $4.0 billion multi-year revolving credit agreement that matures in September 2020 and a new $1.5 billion 364-day revolving credit agreement, both of which are unconditionally guaranteed by Enterprise on an unsecured and unsubordinated basis. As of aggregate available borrowing capacity under the increased bank credit facilities is approximately $4.7 billion.

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.”

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 16, 2015
Enterprise Products Partners L.P., Offshore Pipeline and Services Business
Merger/Acquisition
June 1, 2015
EFS Midstream LLC
 

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