OREANDA-NEWS. September 23, 2015. Enterprise Products Partners L.P. (NYSE:EPD) announced the start of
service on its Rancho II pipeline between Sealy, Texas and the
partnership’s ECHO terminal in southeast Houston. The 88-mile, 36-inch
diameter pipeline will transport various grades of crude oil, condensate
and processed condensate from the Permian Basin and the Eagle Ford Shale.
“The Rancho II pipeline is an integral part of Enterprise’s larger
efforts to expand its crude oil and condensate network in Texas,” said
Michael A. Creel, chief executive officer of Enterprise’s general
partner. “Combined with our existing Eagle Ford assets and recently
announced Midland-to-Sealy pipeline, Rancho II enhances our ability to
provide crude oil and condensate from key producing areas with direct
access to every refinery in Houston, Texas City, Beaumont and Port
Arthur, as well as Enterprise’s marine facilities through our ECHO
distribution system.”
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 import and export terminals;
crude oil and refined products transportation, storage and terminals;
petrochemical transportation and services; and a marine transportation
business that operates primarily on the United States inland and
Intracoastal Waterway systems. The partnership’s assets include
approximately 49,000 miles of pipelines; 225 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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