Enterprise Resumes Operations at Mont Belvieu; Contract Worker Found

abarrelfullabarrelfull wrote on 10 Feb 2011 06:31
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Enterprise Products Partners L.P. (NYSE:EPD) announced today that the fire at its Mont Belvieu ("MTBV") facilities was fully contained and extinguished this morning. The contract worker who was unaccounted for after the fire yesterday has been located but did not survive the fire. Enterprise offers its condolences to the family and friends of the worker and will be working closely with authorities to determine the cause of the fire.

Enterprise's Mont Belvieu facilities, including two of its four natural gas liquids ("NGL") fractionation units, are online and operational after a portion of its jointly-owned MTBV NGL storage facilities experienced a fire yesterday. The MTBV NGL facilities which experienced the fire are jointly owned by Enterprise and Duncan Energy Partners L.P. (NYSE:DEP). The fire occurred in an NGL storage area away from the main part of the MTBV complex that houses Enterprise's NGL and propylene fractionators, butane isomerization units and other processing facilities, none of which were damaged by the fire. There have been minimal impacts to the MTBV facilities directly and Enterprise believes that upstream gas processing facilities and gas plant production were not materially affected by service disruptions resulting from the fire. All facilities directly affected by the fire have been isolated and alternative facilities, where available, are currently in use and additional alternatives are being pursued. Enterprise personnel are working around the clock to return all of the partnerships' Mont Belvieu facilities to full operations and fully restore all services to its customers. All of Enterprise's other facilities around Mont Belvieu and elsewhere on its nation-wide system remain fully operational.

Enterprise Products Partners L.P. is the largest publicly traded partnership and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Enterprise's assets include: 49,100 miles of onshore and offshore pipelines; approximately 195 million barrels of storage capacity for NGLs, refined products and crude oil; and 27 billion cubic feet of natural gas storage capacity. Services include: natural gas transportation, gathering, processing and storage; NGL fractionation, transportation, storage, and import and export terminaling; crude oil and refined products storage, transportation and terminaling; offshore production platform; petrochemical transportation and storage; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico.

Duncan Energy Partners L.P. is a publicly traded partnership that provides midstream energy services, including gathering, transportation, marketing and storage of natural gas, in addition to NGL fractionation (or separation), transportation and storage and petrochemical transportation and storage. Duncan Energy Partners owns interests in assets located primarily in Texas and Louisiana, including interests in approximately 9,400 miles of natural gas pipelines with a transportation capacity aggregating approximately 7.9 billion cubic feet ("Bcf") per day; more than 1,600 miles of NGL and petrochemical pipelines featuring access to one of the world's largest fractionation complexes at Mont Belvieu, Texas; two NGL fractionation facilities located in south Texas; approximately 18 million barrels ("MMBbls") of leased NGL storage capacity; 8.1 Bcf of leased natural gas storage capacity; and 34 underground salt dome caverns with more than 100 MMBbls of NGL and related product storage capacity at Mont Belvieu. Duncan Energy Partners is managed by its general partner, DEP Holdings, LLC, which is a wholly-owned subsidiary of Enterprise Products Partners L.P.

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