Enterprise Sets Record for Volumes at Texas Gulf Coast Marine Terminals
April 12 2017 - 7:58AM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced
that the combined exports and imports of hydrocarbons across its
marine terminals, including 18 deepwater docks along the Texas Gulf
Coast, totaled a record 146 million barrels on a gross basis during
the first quarter of 2017. The previous quarterly record was 136
million barrels in the second quarter of 2016. The loading of
natural gas liquids (“NGLs”), crude oil, condensate, refined
products and petrochemicals accounted for approximately 62 percent
of total marine terminal volumes in the first quarter of 2017.
The following is a breakdown of average daily marine terminal
volumes by product in terms of thousand barrels per day (“MBPD”),
for the first quarter of 2017 on a gross basis before taking into
account our net interest in certain joint ventures:
- Crude oil (WTI, Light WTI, condensate,
West Texas Sour, etc.): 648 MBPD
- NGLs (ethane, propane, butanes): 569
MBPD
- Refined products (gasoline, diesel, jet
fuel, methanol, MTBE): 384 MBPD
- Petrochemicals (propylene): 15
MBPD
“Our marine terminals reported a 16 percent increase in gross
volumes for the first quarter of 2017 compared to the first quarter
of 2016 to a record 146 million barrels, or 1.6 million barrels per
day,” said A.J. “Jim” Teague, chief executive officer of
Enterprise’s general partner. “Gross NGLs and crude oil marine
terminal volumes for the first quarter of 2017 increased by 25
percent and 9 percent, respectively, compared to the first quarter
of 2016.”
“Our Enterprise Hydrocarbons Terminal on the Houston Ship
Channel, the largest of our marine terminals, accounted for
approximately 60 percent, or almost 922 thousand barrels per day,
of total volumes handled in the first quarter of 2017. It is well
positioned to facilitate the growing global appetite for U.S.
produced NGLs, crude oil, condensate, refined products and
petrochemicals. With our recent investments in dock expansions,
this facility has the capacity to handle up to 2.0 million barrels
per day, depending on the mix of hydrocarbon cargoes and imports
versus exports,” continued Teague.
“Recently, we believe the Houston Ship Channel has been a victim
of erroneous claims of growing congestion. Large vessel traffic on
the waterway has essentially been flat since 2012. The Houston Ship
Channel has the capability to handle much more deep draft activity
as the average daily movements are less than 60 percent of its peak
single-day record according to the Greater Houston Port Bureau.
When it comes to access to onshore storage facilities, vessel
traffic service, two-way traffic, max draft, beam and air draft
dimensions, number of pilots and the lack of military and offshore
platform limitations, our experience tells us the Houston Ship
Channel is the crown jewel of ports on the Texas Gulf Coast, ” said
Teague.
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 export and import terminals; crude oil gathering,
transportation, storage and export and import terminals;
petrochemical and refined products transportation, storage, export
and import terminals and related services; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems. The partnership’s
assets include approximately 49,300 miles of pipelines; 260 million
barrels of storage capacity for NGLs, crude oil, refined products
and petrochemicals; and 14 billion cubic feet of natural gas
storage capacity.
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 and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, 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 Enterprise’s reports filed with
the Securities and Exchange Commission. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170412005603/en/
Enterprise Products Partners L.P.Randy Burkhalter, 713-381-6812
or 866-230-0745Investor RelationsorRick Rainey, 713-381-3635Media
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