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4-Traders Homepage  >  Equities  >  Nyse  >  Enterprise Products Partners L.P.    EPD

Delayed Quote. Delayed  - 06/30 09:11:34 pm
29.3017 USD   +1.39%
06/28 ENTERPRISE PROD : Pascagoula Natural Gas Processing Plant Experience..
06/28 ENTERPRISE PROD : No injuries reported in Monday night explosion in ..
06/28 THE LATEST : Police: Mississippi plant blasts, no injuries
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Enterprise Products Partners : Pascagoula Natural Gas Processing Plant Experiences Fire

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06/28/2016 | 06:41pm CEST

Enterprise Products Partners L.P. (NYSE: EPD) is investigating the cause of a fire that occurred yesterday at its natural gas processing facility in Pascagoula, Mississippi. There were no injuries nor impacts to the surrounding community and the fire was restricted to inside the facility. The situation is under control and the plant has been shut down. Enterprise personnel have been working closely with local emergency responders and the company has notified all appropriate regulatory authorities.

The Pascagoula plant receives natural gas from third party pipelines. The plant is comprised of three trains with approximately 1.5 billion cubic feet per day of capacity. The facility was averaging approximately 400 million cubic feet per day of inlet volumes. Enterprise is working with its customers and third party facility operators to keep them apprised of the situation and help determine other available options while the Pascagoula plant is out of service.

Enterprise assumed 100 percent ownership of the Pascagoula plant when it purchased the outstanding interest from BP during the first quarter of 2016.

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 gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; 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; 250 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.


© Business Wire 2016
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