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8-K - FORM 8-K - ENTERPRISE PRODUCTS PARTNERS L.P. | h76478e8vk.htm |
Exhibit 99.1
Enterprise Products Partners L.P. P.O. Box 4324 Houston, TX 77210 (713) 381-6500 |
TEAGUE ELECTED CHIEF OPERATING OFFICER
OF ENTERPRISE PRODUCTS PARTNERS
OF ENTERPRISE PRODUCTS PARTNERS
Houston, Texas (September 27, 2010) Enterprise Products Partners L.P. (NYSE:EPD) today
announced that A.J. Jim Teague was elected chief operating officer of Enterprises general
partner and will be responsible for managing the commercial and operating activities of the
partnership. Mr. Teague will continue to serve as an executive vice president and director on the
board of the general partner of Enterprise and will continue to report to Michael A. Creel,
president and chief executive officer of Enterprise.
Mr. Teague joined Enterprise in 1999 as executive vice president through the partnerships
acquisition of Shell Oil Companys midstream energy business in Louisiana and Mississippi. Since
that time, Mr. Teague has been responsible for Enterprises natural gas liquids (NGL) businesses
and in 2008 assumed responsibility for all of the commercial activities of all the partnerships
businesses. Prior to joining Enterprise, Mr. Teague was a member of the senior management teams at
affiliates of Shell Oil Company, MAPCO Inc. and Dow Chemical Company.
William Ordemann, executive vice president, will continue to be responsible for the
operations, engineering and environmental, health and safety functions for Enterprise. He will
report to Mr. Teague. Since joining Enterprise in 1999, Mr. Ordemann has been responsible for
asset management and business development in the natural gas processing and NGL businesses and,
since 2007, for the operations, engineering and the environmental, health and safety functions.
Prior to joining Enterprise, he held numerous managerial positions in the operations, engineering
and commercial areas for affiliates of Shell Oil Company.
These elections are effective September 27, 2010.
2
Enterprise Products Partners L.P. is the largest publicly traded energy 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. The partnerships 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; offshore production platform services; 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. Enterprise Products Partners L.P. is managed by its
general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P.
(NYSE: EPE). For more information on Enterprise GP Holdings L.P.,
visit www.enterprisegp.com.
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 or developments or transactions that Enterprise expects, believes or
anticipates will or may occur in the future, including anticipated benefits and other aspects of
such activities, events, developments or transactions, are forward-looking statements. These
forward-looking statements are subject to risks and uncertainties that may cause actual results to
differ materially, 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 the reports filed with the Securities
and Exchange Commission by Enterprise. 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.
Contacts: | Randy Burkhalter, Investor Relations (713) 381-6812
or (866) 230-0745 Rick Rainey, Media Relations (713) 381-3635 |
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