BNET Industries

Market Cap:$18.4B
Last Fiscal Year Sales:$16.9B
  • Public
  • US
Dow Jones Description

We are a North American midstream energy company providing a wide range of services to producers and consumers of natural gas, natural gas liquids ("NGLs"), crude oil and certain petrochemicals. In addition, we are an industry leader in the development of pipeline and other midstream energy infrastructure in the continental United States and Gulf of Mexico. We are a publicly traded Delaware limited partnership formed in 1998, the common units of which are listed on the NYSE under the ticker symbol "EPD." Our midstream energy asset network links producers of natural gas, NGLs and crude oil from some of the largest supply basins in the United States, Canada and the Gulf of Mexico to domestic consumers and international markets. We have four reportable business segments: NGL Pipelines & Services; Onshore Natural Gas Pipelines & Services; Offshore Pipelines & Services; and Petrochemical Services. Our business segments are generally organized and managed according to the type of services rendered (or technologies employed) and products produced and/or sold.

Director, President and Chief Executive Officer
Michael A. Creel
Number of Employees 3,500
Contact Information

2727 North Loop W Ste 700

PO Box 4324

Houston, Texas 77008-1060

epplp.com

1 713 381 6500

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • Enterprise Products buys Chevron pipelines

    12/14/09 - Merger / Acquisition - View Story

  • Enterprise Products buys pipeline

    12/02/09 - Merger / Acquisition - View Story

  • Zacks Analyst Blog Highlights: Marathon Oil Corporation, Exxon, ConocoPhillips, Chevron and Enterprise Products Partners L.P.

    11/04/09 - Financial Announcement - View Story

  • Enterprise Products Partners Elects Officers

    10/27/09 - Mgmt. Change Entering - Vice President - View Story

  • Enterprise Products Partners Elects Officers

    10/27/09 - Mgmt. Change Leaving - CEO - View Story

  • Enterprise, Teppco complete merger

    10/26/09 - Merger / Acquisition - View Story

  • Enterprise Products Partners sees earnings rise

    10/28/09 - Merger / Acquisition - View Story

  • Enterprise Products: $1.92B Teppco notes tendered

    10/07/09 - Merger / Acquisition - View Story

  • Enterprise Reports Earnings for Second Quarter 2009

    7/27/09 - Financial Announcement - View Story

  • Enterprise Products Partners, Teppco announce merger

    6/30/09 - Merger / Acquisition - View Story

  • Enterprise buys Teppco in US$3.3B deal contro...

    6/29/09 - Merger / Acquisition - View Story

News & Analysis

enterprise products partners l.p. and hardware - All News and Analysis

Decision Makers

Name (plus bio) Position
Michael A. Creel Director, President and Chief Executive Officer
A. J. Teague Executive. Vice President & Cco
James H. Lytal Chief Commercial Officer
Michael Knesek Chief Accounting Officer, Senior Vice President & Controller
Richard H. Bachmann Director, Executive Vice President and Chief Legal Officer and Secretary
W. Randall Fowler Director, Executive Vice President and Chief Financial Officer
Willam Ordemann Executive Vice President and Chief Operating Officer
William Ordermann Executive Vice President and Chief Operating Officer
William D. Ray Executive Vice President
A. Monty Wells Senior Vice President
Bart Heijermans Senior Vice President
Charles Crain Senior Vice President
Charles M. Brabson Senior Vice President
Christopher R. Skoog Senior Vice President
Gil H. Radtke Senior Vice President
James A. Cisarik Senior Vice President
James M. Collingsworth Senior Vice President
Joel D. Moxley Senior Vice President
Leonard W. Mallett Senior Vice President
Lynn Bourdon Senior Vice President
Richard A. Hoover Senior Vice President
Rudy A. Nix Senior Vice President
Terry L. Hurlburt Senior Vice President
Thomas M. Zulim Senior Vice President
Gerald R. Cardillo Vice President
James F. Guion Vice President
John Bonn Vice President
John L. Tomerlin Vice President, HR
Charles M. Rampacek General Partner

Board of Directors

Name (plus bio) Position
Dan L. Duncan Board Chairman
Philip C. Jackson Audit and Conflicts Committee Chairman
E. William Barnett Board of Directors
Lee W. Marshall Sr. Board of Directors
O.S. Andras Vice Chairman
Ralph S. Cunningham Board of Directors
Rex C. Ross Board of Directors
Richard S. Snell Board of Directors
Robert G. Phillips Board Director
Stephen L. Baum Board of Directors

Mr. Creel was elected President and Chief Executive Officer of our general partner in August 2007 and continues to serve as a director of our general partner. A certified public accountant with over 28 years of experience in the energy industry, Mr. Creel served as executive vice president and chief financial officer for the general partner, since 2001 and 2000, respectively, and was elected senior vice president when he joined us in 1999. Mr. Creel is also a Group Vice Chairman and Chief Financial Officer of EPCO and serves as a Director of the general partner of Duncan Energy Partners L.P. He was President, Chief Executive Officer and a director of EPE Holdings from August 2005 through August 2007. Mr. Creel is a member of Financial Executives International, the AICPA and the Texas Society of Certified Public Accountants.

Organization Position Status
Enterprise Products Partners L.P. Director, President and Chief Executive Officer Current
Enterprise Products Gp LLC President and Chief Executive Officer Current
Dep Holdings Chief Financial Officer Current
Epco, Inc. Chief Financial Officer Current
Dep Holdings Executive Vice President Current
Edge Petroleum Corporation Board of Directors Current
Texas Society of Certified Public Accountants Board of Directors Current
Enterprise Products Gp LLC Director Current
Texas Eastern Products Pipeline Company, LLC Board of Directors Current
Dep Holdings Director Current
Enterprise GP Holdings L.P. Board of Directors Current
Enterprise GP Holdings L.P. Pres & CEO Former
Epgp Chief Executive Officer Former
Epgp President Former
Enterprise Products Gp LLC Chief Financial Officer Former
Enterprise Products Partners L.P. EVP & CFO Former
Epgp Chief Financial Officer Former
Epgp Executive Vice President Former
Enterprise Products Gp LLC Executive Vice President Former
Epgp Senior Vice President Former
Edge Petroleum Corporation Elected A Director Former

Organization Position Status
Enterprise Products Partners L.P. Executive. Vice President & Cco Current
Enterprise Products Partners L.P. Board of Directors Current
The Dow Chemical Company Vice President Former

Organization Position Status
Enterprise GTM Holdings L.P. President Current
Enterprise Products Partners L.P. Chief Commercial Officer Current
Enterprise Products Gp LLC Executive Vice President Former
Enterprise Products Partners L.P. Executive Vice President Current
Oil and Gas Former
The University of Texas Bachelors Degree Former

Mr. Knesek was elected Senior Vice President, Controller and Principal Accounting Officer of our General Partner in February 2005, having served as Principal Accounting Officer and a Vice President of the General Partner since August 2000. Since 1990, Mr. Knesek, a Certified Public Accountant, has been the Controller and a Vice President of EPCO, Inc. and has served in the EPCO, Inc. organization since July 1981. Prior to that time, Mr. Knesek served five years with Union Texas Petroleum in their accounting department. Mr. Knesek graduated with a Bachelor of Business Administration degree in Accounting from Texas A&M University - Kingsville in 1975 and is a member of the AICPA and the Texas Society of Certified Public Accountants.

Organization Position Status
Enterprise Products Partners L.P. Chief Accounting Officer, Senior Vice President & Controller Current
Enterprise GP Holdings L.P. Senior Vice President Current
Epco, Inc. Vice President Current
Duncan Energy Partners L.P. Senior Vice President, Principal Accounting Officer and Controller Current
Epco, Inc. Controller Current
Epgp Controller Current
Epgp Principal Accounting Officer Current
Enterprise Products Partners L.P. Board of Directors Current
Texas Society of Certified Public Accountants Board of Directors Current
American Institute of Certified Public Accountants Member Current
Texas Society of Certified Public Accountants Member Current
Enterprise Products Gp LLC Senior Vice President Former
Epgp Senior Vice President Former
Epco, Inc. Senior Vice President Former
Epgp Vice President Former
Enterprise Products Partners L.P. General Partner Former
Enterprise Products Gp LLC Controller Former
Enterprise GP Holdings L.P. Controller Former
Enterprise GP Holdings L.P. Principal Accounting Officer Former
Enterprise Products Partners L.P. Principal Accounting Officer Former
Epco, Inc. Principal Accounting Officer Former
Enterprise Products Gp LLC Principal Accounting Officer Former
Texas A&M University Bachelor of Business Administration degree in Accounting Former
Texas A&M University Business Administration Degree In Accounting Former

Organization Position Status
Enterprise GP Holdings L.P. Chief Legal Officer Current
Enterprise GP Holdings L.P. Executive Vice President Current
Enterprise Products Partners L.P. Director, Executive Vice President and Chief Legal Officer and Secretary Current
Duncan Energy Partners L.P. Director, President and Chief Executive Officer Current
Conflicts Board of Directors Current
Epco, Inc. Vice Chairman Current
Epco, Inc. Secretary Current
Constellation Energy Partners LLC Board of Directors Current
Enterprise Products Partners L.P. Board of Directors Current
State Bar of Texas Member Current
Epgp Chief Executive Officer Former
Epco, Inc. Chief Legal Officer Former
Epgp Chief Legal Officer Former
Enterprise Products Gp LLC Chief Legal Officer Former
Enterprise Products Gp LLC Executive Vice President Former
Epgp Executive Vice President Former
Epco, Inc. Executive Vice President Former
Enterprise Products Partners L.P. General Partner Former
Enterprise GP Holdings L.P. General Partner Former
Epgp Director of Dep Gp Former
Epgp Secretary Former
Enterprise Products Gp LLC Director Former
University of Houston Law Center Juris Doctor Former
Southwestern University B.A. Former

Organization Position Status
Duncan Energy Partners L.P. Director, Executive Vice President and Chief Financial Officer Current
Enterprise GP Holdings L.P. Director, Executive Vice President and Chief Financial Officer Current
Enterprise Products Partners L.P. Director, Executive Vice President and Chief Financial Officer Current
National Association of Publicly Traded Partnerships Chairman Current
Enterprise Products Partners L.P. Board of Directors Current
Epco, Inc. Chief Executive Officer Former
Epco, Inc. President Former
Epgp Chief Financial Officer Former
Epco, Inc. Chief Financial Officer Former
Epgp Executive Vice President Former
Epgp Senior Vice President Former
Enterprise Products Partners L.P. Vice President Former
Louisiana Tech University Masters Degree In Finance Former
Louisiana Tech University Bachelors Degree In Accounting Former

Mr. Ordemann was elected Executive Vice President and Chief Operating Officer of our General Partner, effective August 1, 2007. Mr. Ordemann has served as a Senior Vice President of our General Partner since September 2001, and was previously elected Vice President of our General Partner in October 1999. Mr. Ordemann was a Vice President of Shell Midstream Enterprises, LLC from January 1997 to February 1998, and Vice President of Tejas Natural Gas Liquids, LLC from February 1998 to September 1999. Shell Midstream Enterprises and Tejas Natural Gas Liquids were both affiliates of Shell.

Organization Position Status
Enterprise Products Partners L.P. Executive Vice President and Chief Operating Officer Current

Organization Position Status
Enterprise Products Partners L.P. Executive Vice President and Chief Operating Officer Current

Organization Position Status
Enterprise Products Partners L.P. Executive Vice President Current

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current
Offshore Technology Conference Senior Vice President, Offshore and Gas Storage, Enterprise Products Partners Current

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current
Enterprise Products Gp LLC Senior Vice President Current
Hess Corporation Former
University of Houston-Clear Lake Master of Business Administration degree Former
Texas A&M University Master of Science degree in Chemical Engineering Former

Christopher R. Skoog joined the partnership in July 2007 as Senior Vice President to develop and lead Enterprise's new Natural Gas Services and Marketing group. In July 2008, he also assumed responsibility for Enterprise's non-regulated and intrastate natural gas pipeline and storage businesses.

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current
Epgp Senior Vice President Former

Mr. Radtke was elected as a Senior Vice President of our General Partner in February 2002. He joined us in connection with our purchase of Diamond-Koch's storage and propylene fractionation assets in January and February 2002. Mr. Radtke served as President of the Diamond-Koch joint venture from 1999 to 2002, where he was responsible for its storage, propylene fractionation, pipeline and NGL fractionation businesses. From 1997 to 1999 he was Vice President, Petrochemicals and Storage for Diamond-Koch. Mr. Radtke was previously employed by Ultramar Diamond-Shamrock Corporation beginning in 1983.

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current
Enterprise Products Gp LLC Senior Vice President Current
Enterprise GP Holdings L.P. Vice President Current
Texaco Senior Vice President of Ngl Assets Former
Enterprise Products Gp LLC Vice President Current

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current

Organization Position Status
Enterprise Products Gp LLC Senior Vice President Current
Enterprise Products Partners L.P. Senior Vice President Current
Health-Corp Senior Vice President Former
The Environmental Company, Inc. Senior Vice President Former
Houston Baptist University Master of Business Administration Degree Former

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current
Enterprise Products Gp LLC Senior Vice President Current
PG&E Corporation President Former
Valero Energy Corporation Vice President, Ngl Marketing & Development Former
The University of Houston MBA Former
Texas Tech University Bsme Former

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current
Enterprise Products Gp LLC Senior Vice President Current
Enterprise Products Partners L.P. Accounting Positions Former
The University of Houston Master of Business Administration Former
Purdue University Bachelors Degree Former

Organization Position Status
Enterprise Products Gp LLC Senior Vice President Current
Enterprise Products Partners L.P. Senior Vice President Current
Co-Operations Inc Vice President Former
Co-Operations Inc General Manager Former
Enterprise Products Partners L.P. General Manager of Operations Former
Enterprise Products Partners L.P. General Partner Former
Enterprise Products Partners L.P. Operations and Engineering Roles Former
University of Minnesota Bachelors Degree Former

Organization Position Status
Enterprise Products Partners L.P. Senior Vice President Current
Epgp Senior Vice President Current
Epco, Inc. Director of Business Management Current
Epco, Inc. Vice President, Human Resources Former
Epgp Vice President, Human Resources Former
Enterprise Products Partners L.P. Director of Business Management Former
Shell Oil Company Attorney Former
University of the Pacific McGeorge School of Law Law Degree Former
Fresno State University BA Former

Organization Position Status
Enterprise Products Partners L.P. Vice President Current

Organization Position Status
Enterprise Products Partners L.P. Vice President Current

John Bonn is a Vice President at Enterprise Products Partners, L.P., a Houston based energy midstream services provider. John and his wife Robin were introduced to Alpha in 2003 after moving to Houston and they both have been involved with Alpha course organization and leadership. John joined the Alpha Houston Board in 2005 and he serves on the boards of several other non-profit organizations. John and his family are active members of St. Cecilia Catholic Church in Houston .

Organization Position Status
Enterprise Products Partners L.P. Vice President Current
Alpha | Houston Board of Directors Current

Organization Position Status
Enterprise Products Partners L.P. Vice President, HR Current

Organization Position Status
Enterprise Products Partners L.P. General Partner Current
NYSE Group, Inc. Current
Enterprise Products Partners L.P. Board Director Current
Flowserve Corporation Board Director Current
Flowserve Corporation Member Current
Lyondell Chemical Company Chief Executive Officer Former
Tenneco, Inc. President of Gas Pipeline Former
Tenneco, Inc. Senior Vice President, Refining and Supply Former
Epgp Elected A Director Former
Corporate Governance Chairman Former
The University of Texas Master of Science Degree In Chemical Engineering Former
The University of Alabama Bachelors Degree Former
Lyondell Chemical Company Team Member Former
CITGO Petroleum Corporation Team Member Former

Dan L. Duncan was elected Chairman and a Director of EPE Holdings in August 2005, Chairman and a Director of Enterprise Products GP in April 1998 and Chairman and a Director of the general partner of the Operating Partnership in December 2003. Mr. Duncan has served as Chairman of EPCO since 1979.

Organization Position Status
Enterprise GP Holdings L.P. Chairman and Director Current
Duncan Energy Partners L.P. Chairman Current
Enterprise Products Partners L.P. Board Chairman Current
Epco, Inc. Co-Chairman Current
Epgp Director of Dep Gp Former
Enterprise Products Gp LLC Chairman Former
Epgp Chairman Former
Enterprise Products Gp LLC Director Former
Enterprise GP Holdings L.P. Board Director Former
Enterprise Products Partners L.P. Director Former

Organization Position Status
Enterprise Products Partners L.P. Audit and Conflicts Committee Chairman Current
Enterprise Products Partners L.P. Board of Directors Former

Organization Position Status
RRI Energy Inc. Lead Director Current
The Center for Houston's Future Board Director Current
RRI Energy Inc. Director Current
The Houston Zoo Board of Directors Current
RRI Energy Inc. Chairman, Nominating and Governance Committee Current
Greater Houston Partnership Director Current
Westlake Chemical Corporation Board of Directors Current
Enterprise Products Gp LLC Director Current
Enterprise GP Holdings L.P. Director Current
Ut Law Board of Directors Current
Enterprise Products Partners L.P. Board of Directors Current
American College of Trial Lawyers Fellow Current
RRI Energy Inc. Member, Compensation Committee Current
Baker Botts Llp Managing Partner Former
Epgp Elected A Director Former
Enterprise Products Gp LLC Elected A Director Former
Baylor College of Medicine Trustee Former
Texas Law Review Editor Former
The Center for Houston's Future Chairman Former
The Houston Zoo Chairman Former
Rice University Chairman Former
James A. Baker III Institute for Public Policy Chairman Former
Greater Houston Partnership Board Chairman Former
Rice University Board of Trustees Former
Baylor College of Medicine Board of Directors Former
Rice University B.A. Former
The University of Texas at Austin Ll.B Former

Organization Position Status
Enterprise Products Partners L.P. Board of Directors Current

Organization Position Status
Enterprise Products Partners L.P. Vice Chairman Current
Enterprise Products Partners L.P. Vice Chairman Current

Organization Position Status
Cunningham and Quill Architects, Pllc Partner Current
Agrium Inc. Corp Director Current
Enterprise GP Holdings L.P. Director, President and Chief Executive Officer Current
Cunningham and Quill Architects, Pllc Master of Architecture Degree Current
Epgp Executive Officer Current
Tetra Technologies Inc. Chairman Current
Texas Eastern Products Pipeline Company, LLC Chairman of the Board Current
Tetra Process Services Chairman of the Board Current
Maritech Resources, Inc. Chairman of the Board Current
Duncan Energy Partners L.P. Board of Directors Current
Enterprise GP Holdings L.P. Board of Directors Current
Agrium Inc. Director Current
Dep Holdings Director Current
Tetra Technologies Inc. Board of Directors Current
EnCana Corporation Director Current
Enterprise Products Partners L.P. Board of Directors Current
Maritech Resources, Inc. Member Current
Tetra Technologies Inc. Member Current
CITGO Petroleum Corporation President and Chief Executive Officer Former
Epgp Chief Operating Officer Former
Enterprise Products Partners L.P. Executive Vice President and Chief Operating Officer Former
Epgp Group Executive Vice President Former
Enterprise Products Partners L.P. General Partner Former
Epgp Elected A Director Former
The Ohio State University Critic Former
Howard University Critic Former
The Catholic University of America Critic Former
Tenneco, Inc. Former
Maritech Resources, Inc. Board of Directors Former
Epco, Inc. Director Former
Epco, Inc. Vice Chairman Former
Huntsman Corporation Vice Chairman Former
Epgp Director Former
The Ohio State University Ph.D. Degrees In Chemical Engineering Former
Columbia University Master of Architecture Degree Former
Washington University Bachelors Degree In Architecture Former
Auburn University B.S. Degree In Chemical Engineering Former

Rex C. Ross . Mr. Ross was elected a Director of EPGP in October 2006 and is a member of its ACG Committee. Mr. Ross serves as a Director of Schlumberger Technology Corporation, the holding company for all Schlumberger Limited assets and entities in the United States. Prior to his executive retirement from Schlumberger Limited in May 2004, Mr. Ross held a number of executive management positions during his 11-year career with the company, including President of Schlumberger Oilfield Services North America; President, Schlumberger GeoQuest; and President of SchlumbergerSema North & South America. Mr. Ross also serves on the Board of Directors of Gulfmark Offshore, Inc. (a publicly traded offshore marine services company) and is a member of its Governance Committee.

Organization Position Status
Enterprise Products Partners L.P. Board of Directors Current
Epgp Elected A Director Former

Organization Position Status
Enterprise Products Partners L.P. Board of Directors Current

Robert G. Phillips , 54, became a director in October 2007. In late 2007, Mr. Phillips formed Crestwood Midstream Partners L.P., which acquires and develops assets in the North American midstream sector in both onshore and offshore operations, including gas gathering and processing, storage and terminals. From February 2005 until June 2007, Mr. Phillips served as President and Chief Executive Officer of the general partner of Enterprise Products Partners L.P., a publicly traded North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids and crude oil, and from September 2004 until February 2005, he served as Chief Operating Officer of the general partner of Enterprise. From 1999 to 2004, Mr. Phillips served as Chief Executive Officer of the general partner of GulfTerra Energy Partners, L.P. prior to its acquisition by Enterprise, and, for more than five years prior to 2004, he held numerous management positions with El Paso Corporation and its affiliated companies, including President of El Paso Field Services Company.

Organization Position Status
Pride International, Inc. Chairman, President and Chief Executive Officer, Crestwood Midstream Partners, L.P. Current
El Paso Field Services Company CEO Current
Acadian Gas LLC President Current
Enterprise GP Holdings L.P. Board of Directors Current
Pride International, Inc. Board of Directors Current
Enterprise Products Partners L.P. Board Director Current
Enterprise Products Partners L.P. Chief Executive Officer Former
Enterprise Products Partners L.P. President Former
El Paso Field Services Company President Former
Enterprise Products Partners L.P. General Partner Former
El Paso Corporation Former
South Texas College of Law Law Degree Former
The University of Texas at Austin Bachelor of Business Administration degree Former
The University of Texas Bba Former

Array

Organization Position Status
Sempra Energy Chairman Current
Computer Sciences Corporation Board of Directors Current
TransAlta Corporation Board of Directors Current
Csc Alliance Director Current
Transalta Power Limited Board of Directors Current
Enterprise Products Partners L.P. Board of Directors Current
Green Energy Board of Directors Current
Southern California Gas Company Chairman, Chief Executive Officer and President Former
Pacific Enterprises, Inc. Chairman, Chief Executive Officer and President Former
Sempra Energy President Former
New York Power Authority, Inc. Senior Vice President Former
New York Power Authority, Inc. General Counsel Former
Electric Company Board of Directors Former
Sempra Energy Vice-Chairman Former
Harvard University Former
University of Virginia School of Law Former

Executive News

  • Enterprise Products Partners to Present at Barclays Capital CEO Energy/Power Conference

    Business Wire - 9/08/09 - View Story

  • Enterprise to sell units to Epco Holdings

    Houston Business Journal - 9/08/09 - View Story

  • Enterprise Enters Into Agreement for $150 Million Private Sale of Common Units

    Business Wire - 9/04/09 - View Story

  • Enterprise GP Shares Slip As 2Q Earnings Drop 21%

    CNN Money - 8/11/09 - View Story

  • Enterprise GP Holdings Reports Second Quarter 2009 Results

    Stockwatch - 8/10/09 - View Story

advertisement
     EPD $30.50 -1.29 (-4.06% )
Average Volume 1,095,210
Shares Outstanding 604.72M
Market Cap 18.4B
Year High 32.19
Year Low 17.71
Earnings Per Share 1.52
P/E Ratio 20.07
Dividend 2.21
Yield 7.25
advertisement