Post Tagged with: "Enterprise"

Source: Plains All American Pipeline, L.P.

Plains Says its Midland Crude Terminal Trades Should be Kept in Key Price Assessment

From Reuters Plains All American Pipeline LP said trades at its own Midland crude terminal should be included in a key price assessment, responding to a proposal by Argus Media to remove it: * Plains’ 670,000 barrel-per-day (bpd) Cactus II pipeline began commercial deliveries earlier this month, sending WTI Midland prices at Plains’ terminal as much as 50 cents per barrel above those at Enterprise’s terminal, market sources said this week. * The disconnect in prices prompted Argus Media to propose a change to its WTI Midland pricing methodology to exclusively reflect prices at Enterprise’s terminal. The proposed change is open for comments until the end of the month. * “Given the volume of physical activity at both the Enterprise and Plains terminals, Plains believes that it would be appropriate to include trades at both locations in order to more accurately capture the market price at Midland for each grade,”[Read More…]

Source: Goodnight Midstream

Altus Midstream Acquires Stake in Shin Oak Pipeline

By Tyler Losier, Energy Reporter, Oil & Gas 360 Altus Midstream closes purchase of 33% equity stake in Enterprise-owned Shin Oak Pipeline Altus Midstream (stock ticker: ALTM), a pure-play Permian-to-Gulf Coast midstream company, has closed a deal with Enterprise Products Partners (stock ticker: EPD) to acquire a 33% equity interest in the Enterprise subsidiary that owns the Shin Oak natural gas liquids (NGL) pipeline, effective July 31. The Shin Oak pipeline, which runs 658 miles, transports NGLs from multiple basins, including the Permian, to Enterprise’s NGL fractionation and storage complex in Mont Belvieu, Texas. The NGLs that flow through the pipeline are predominantly sourced from Enterprise’s Orla natural gas processin… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Source: Enterprise Sept. 2013 Presentation

Enterprise to Offer Crude Oil for Export in Second WTI Electronic Auction

Enterprise to Offer Crude Oil for Export

Enterprise Houston Marine Terminal to Expand, Looks toward Suezmax Docking Capacity for Crude Exports

Enterprise Houston Marine Terminal to Expand, Looks toward Suezmax Docking Capacity for Crude Exports

Enterprise Expands Marine Terminal on the Houston Ship Channel

Enterprise Declares Quarterly Distribution Increase

Enterprise Declares Quarterly Distribution Increase

Enterprise Declares 45th Consecutive Quarterly Distribution Increase; Enterprise Products Company Intends to Reinvest $50 Million of November Distributions HOUSTON–(BUSINESS WIRE)– Enterprise Products Partners L.P. (EPD) (“Enterprise”) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.385 per common unit, or $1.54 per unit on an annualized basis. The quarterly distribution will be paid on Friday, November 6, 2015, to unitholders of record as of the close of business on Friday, October 30, 2015. This distribution, which represents a 5.5 percent increase over the distribution declared with respect to the third quarter of 2014, is the 54th distribution increase since Enterprise’s initial public offering in 1998 and the 45th consecutive quarterly increase. Affiliates of privately held Enterprise Products Company (“EPCO”), which collectively own Enterprise’s general partner and approximately 34 percent of its outstanding limited partner interests, have[Read More…]

October 1, 2015 - 10:58 am MLPs
Enterprise Completes Acquisition of Eagle Ford Assets

Enterprise Completes Acquisition of Eagle Ford Assets

Enterprise Completes Acquisition of Eagle Ford Midstream Assets Enterprise Products Partners L.P. (EPD) today announced it has closed on its purchase of the member interests in EFS Midstream LLC (“EFS Midstream”) from affiliates of Pioneer Natural Resources Company (“Pioneer”) and Reliance Holding USA Inc. (“Reliance”). The purchase price of $2.15 billion is being paid in two installments. The first installment of $1.15 billion was paid at closing today with the final payment of $1.0 billion to be made no later than the first anniversary of the closing date. The effective date of the transaction is July 1, 2015. EFS Midstream provides natural gas gathering, treating, compression and condensate processing services in the Eagle Ford Shale. The EFS Midstream system includes approximately 460 miles of natural gas gathering pipelines, 10 central gathering plants, 780 million cubic feet per day of natural gas treating capacity and 119 thousand barrels per day of[Read More…]

July 8, 2015 - 4:53 pm MLPs
Oil & Gas 360 Energy News

Enterprise Prices $2.5 Billion of Senior Unsecured Notes

Enterprise Prices $2.5 Billion of Senior Unsecured Notes Enterprise Products Partners L.P. (EPD) today announced that its operating subsidiary, Enterprise Products Operating LLC (“EPO”), has priced a public offering of $2.5 billion of senior unsecured notes comprised of $750 million due May 7, 2018 (“Senior Notes OO”), $875 million due February 15, 2026 (“Senior Notes PP”), and $875 million due May 15, 2046 (“Senior Notes QQ”). We expect to use the net proceeds of this offering for the repayment of debt, including (i) the repayment of amounts outstanding under our commercial paper program (which we used to repay amounts outstanding on the maturity of EPO’s $250 million principal amount of Senior Notes I due March 2015) and (ii) the repayment of amounts outstanding on the maturity of EPO’s $400 million principal amount of Senior Notes X due June 2015, and for general company purposes. Senior Notes OO will be issued[Read More…]

May 4, 2015 - 5:55 pm MLPs
Enterprise Declares Quarterly Distribution

Enterprise Declares Quarterly Distribution

Enterprise Declares Distribution; 43rd Consecutive Quarterly Distribution Increase Enterprise Products Partners L.P. (EPD) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.375 per common unit, or $1.50 per unit on an annualized basis. The quarterly distribution will be paid on Thursday, May 7, 2015, to unitholders of record as of the close of business on Thursday, April 30, 2015. This distribution, which represents a 5.6 percent increase over the distribution declared with respect to the first quarter of 2014, is the 52nddistribution increase since Enterprise’s initial public offering in 1998 and the 43rd consecutive quarterly increase. Enterprise will announce its earnings for the first quarter of 2015 on Thursday, April 30, 2015, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9 a.m. CT[Read More…]

April 8, 2015 - 5:23 pm Midstream, MLPs
Enterprise Products Partners Scraps Bakken Pipeline

Enterprise Products Partners Scraps Bakken Pipeline

After offering an extension to attract more commitments, Enterprise decides not to move ahead on project In a two sentence release from the company today, Enterprise Products Partners (ticker: EPD) announced that it would not be moving forward with its proposed Bakken-to-Cushing crude oil pipeline. The project was initially announced September 4 of this year by the company, which said it would start a binding open commitment period to determine shipper demand for capacity on the proposed pipeline. The project was slated to originate in the Williston Basin of North Dakota and also serve the Powder River and Denver-Julesburg (JD) Basins, said the company. When the pipeline’s initial period for binding open commitments closed, the company released a statement saying that they would extend the deadline to November 14, 2014. The 30-inch diameter pipeline would have run approximately 1,200 miles to Cushing hub in Oklahoma and was designed to have[Read More…]

December 12, 2014 - 6:47 pm Midstream, Oil and Gas 360 Articles