Energy Transfer Announces Operational Update Related to Hurricane Harvey
September 01 2017 - 4:50PM
Business Wire
Reports Overall Minimal Impact to
Operations
Energy Transfer Partners (NYSE: ETP) announced today that based
on an initial assessment, it has determined that the overall impact
to its operations in the Houston area and along the Gulf Coast from
Hurricane Harvey has been minimal, and that all of its employees
are safe and accounted for.
Energy Transfer has dedicated approximately one thousand
employees to its emergency response team to manage the operational
challenges presented by Hurricane Harvey. This dedicated team, many
of whom are facing personal losses and hardships because of the
hurricane, has gone beyond the call of duty to expertly manage
Energy Transfer’s operations during this catastrophic event.
Below is an assessment of Energy Transfer’s current operations
by operating segment:
Crude Segment
Energy Transfer’s crude operations continue with minimal
interruptions; however, takeaway capacity is constrained based on
ship channel closure and refinery capabilities. The Nederland,
Texas facility continues to leverage its storage capacity; however,
deliveries are being managed to maximize the system. Bayou Bridge
and Dakota Access pipelines are fully operational and delivering
product. Energy Transfer’s terminal and trucking operations are
coming back up to full operations as flood waters recede.
Natural Gas/Natural Gas Liquids
Energy Transfer’s extensive natural gas pipeline system
throughout Texas is operational and undamaged. Systems are now
operating near full capacity with volumes returning out of the
Eagle Ford Shale. Energy Transfer did experience some interruption
in its natural gas liquids service earlier in the week due to
limited takeaway capacity and constraints at Mont Belvieu.
Refined Products
Energy Transfer’s Mont Belvieu, Texas facility is fully
functional including its ability to export products; however, only
two of the four fractionators are operating due to constrained
takeaway capacity and the shut in of all ship and barge operations
at this time. All other refined products marketing terminals in
Texas and Louisiana are open with the exception of the Hebert
Terminal; however, inventories are low. The Hebert Pump Station is
expected to restart by Sunday, September 3, 2017.
Energy Transfer Partners, L.P. (NYSE:
ETP) is a master limited partnership that owns and
operates one of the largest and most diversified portfolios of
energy assets in the United States. Strategically positioned
in all of the major U.S. production basins, ETP owns and operates a
geographically diverse portfolio of complementary natural gas
midstream, intrastate and interstate transportation and storage
assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation; and
various acquisition and marketing assets. ETP’s general partner is
owned by Energy Transfer Equity, L.P. (NYSE: ETE). For
more information, visit the Energy Transfer Partners,
L.P. website at energytransfer.com.
Energy Transfer Equity, L.P. (NYSE: ETE) is a master
limited partnership that owns the general partner and 100% of the
incentive distribution rights (IDRs) of Energy Transfer Partners,
L.P. (NYSE: ETP) and Sunoco LP (NYSE: SUN). ETE also owns Lake
Charles LNG Company. On a consolidated basis, ETE’s family of
companies owns and operates a diverse portfolio of natural gas,
natural gas liquids, crude oil and refined products assets, as well
as retail and wholesale motor fuel operations and LNG terminalling.
For more information, visit the Energy Transfer Equity, L.P.
website at energytransfer.com.
Forward-Looking Statement
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in ETP’s Annual Reports on Form 10-K
and other documents filed from time to time with the Securities and
Exchange Commission. ETP undertakes no obligation to update or
revise any forward-looking statement to reflect new information or
events.
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version on businesswire.com: http://www.businesswire.com/news/home/20170901005782/en/
Energy Transfer Partners, L.P.Investor Relations:Lyndsay
Hannah, Brent Ratliff, Helen Ryoo, 214-981-0795orMedia
Relations:Vicki Granado, 214-498-9272orAlexis Daniel,
469-475-1704orLisa Dillinger, 203-252-8769
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