Enterprise Products Partners Company History Timeline
Acquired Texas Eastern Products Pipeline Company, LLC, the general partner of TEPPCO Partners, L.P. ("TEPPCO"), a master limited partnership formed in 1990, for $1.1 billion.
In 2001, average transportation volumes were 641,000 and 241,000 barrels per day on the Mid-America and Seminole pipelines, respectively.Amended the partnership agreement to cap the general partner's incentive distribution right at 25% from 50% of total cash distributions.
Announced a two-for-one split for each class of the company's limited partner units that was completed on May 15, 2002, affecting holders of record on April 30, 2002.
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.
The Class B units issued will automatically convert to common units of Duncan Energy on a one-to-one basis on February 1, 2009.
The merger agreement was approved by TEPPCO unitholders at a special meeting held on October 23, 2009.
An additional segment to further expand the capacity of this pipeline is scheduled for completion in the second quarter of 2010, at which time the system is expected to provide in excess of 200 MMcfd of incremental natural gas pipeline capacity.
Enterprise Products acquired Enterprise GP Holdings in 2010.
At Lyssy, the joint venture pipeline will interconnect with the Eagle Ford expansion of our South Texas Crude Oil Pipeline System, which commenced operations in June 2012 (see below). Our South Texas Crude Oil Pipeline System is not part of the new joint venture's pipeline system.
Our seventh and eighth NGL fractionators are owned by a joint venture, formed in June 2013, between us and Western Gas Partners, LP ("Western Gas"), which is an affiliate of Anadarko.
Completion of this pipeline segment is expected in the fourth quarter of 2013.
Crude oil deliveries using the new pipeline (referred to as the "Seaway Pipeline looping project") commenced in December 2014.
Export service at this marine terminal is expected to begin during the first quarter of 2014 and would accommodate Panamax class vessels.
An additional 0.9 MMBbls of storage capacity is expected to be in service as early as the second quarter of 2014.
In July of 2015 Enterprise completed the sale of its offshore Gulf of Mexico pipelines and services business to Genesis Energy L.P. for approximately $1.5 billion in cash.
The expanded LPG export terminal is expected to be in service by the end of 2015 and is supported by long-term LPG export agreements.
The expansion would be completed in phases with final completion expected in the second quarter of 2015.
In August 2016, construction of our joint venture-owned Delaware Basin cryogenic natural gas processing plant (referred to as the “Waha” plant) was completed, and the facility was placed into service.
The PDH facility, which is supported by long-term, fee-based contracts, is expected to begin commercial operations in 2016.
Develop Offshore Texas Crude Oil Export TerminalIn July 2018, Enterprise announced plans to develop an offshore crude oil export terminal off the Texas Gulf Coast.
Shin Oak NGL PipelineIn February 2019, our Shin Oak natural gas liquids (“NGL”) pipeline began service from Orla, Texas in Reeves County to its NGL fractionation and storage complex at the Mont Belvieu hub.
The ethylene export terminal, which had been in limited service since December 2019, features two docks and a nameplate capacity to load 1 million tons of ethylene per year.
In December 2020, our ethylene export terminal located at our Morgan’s Point facility on the Houston Ship Channel entered full service with the commissioning of a refrigerated storage tank capable of handling 66 million pounds of ethylene.
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Enterprise Products Partners may also be known as or be related to Enterprise Products Partners LP, Enterprise Products Partners and Enterprise Products Partners L.P.