Reports Overall Minimal Impact to Operations
DALLAS--(BUSINESS WIRE)--Sep. 1, 2017--
Energy Transfer Partners (NYSE: ETP) announced today that based on an
initial assessment, it has determined that the overall impact to its
operations in the Houston area and along the Gulf Coast from Hurricane
Harvey has been minimal, and that all of its employees are safe and
Energy Transfer has dedicated approximately one thousand employees to
its emergency response team to manage the operational challenges
presented by Hurricane Harvey. This dedicated team, many of whom are
facing personal losses and hardships because of the hurricane, has gone
beyond the call of duty to expertly manage Energy Transfer’s operations
during this catastrophic event.
Below is an assessment of Energy Transfer’s current operations by
Energy Transfer’s crude operations continue with minimal interruptions;
however, takeaway capacity is constrained based on ship channel closure
and refinery capabilities. The Nederland, Texas facility continues to
leverage its storage capacity; however, deliveries are being managed to
maximize the system. Bayou Bridge and Dakota Access pipelines are fully
operational and delivering product. Energy Transfer’s terminal and
trucking operations are coming back up to full operations as flood
Natural Gas/Natural Gas Liquids
Energy Transfer’s extensive natural gas pipeline system throughout Texas
is operational and undamaged. Systems are now operating near full
capacity with volumes returning out of the Eagle Ford Shale. Energy
Transfer did experience some interruption in its natural gas liquids
service earlier in the week due to limited takeaway capacity and
constraints at Mont Belvieu.
Energy Transfer’s Mont Belvieu, Texas facility is fully functional
including its ability to export products; however, only two of the four
fractionators are operating due to constrained takeaway capacity and the
shut in of all ship and barge operations at this time. All other refined
products marketing terminals in Texas and Louisiana are open with the
exception of the Hebert Terminal; however, inventories are low. The
Hebert Pump Station is expected to restart by Sunday, September 3, 2017.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master
limited partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of complementary
natural gas midstream, intrastate and interstate transportation and
storage assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation; and various
acquisition and marketing assets. ETP’s general partner is owned
by Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. website at energytransfer.com.
Energy Transfer Equity, L.P. (NYSE: ETE) is a master limited
partnership that owns the general partner and 100% of the incentive
distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP)
and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company. On a
consolidated basis, ETE’s family of companies owns and operates a
diverse portfolio of natural gas, natural gas liquids, crude oil and
refined products assets, as well as retail and wholesale motor fuel
operations and LNG terminalling. For more information, visit the Energy
Transfer Equity, L.P. website at energytransfer.com.
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other factors
that are difficult to predict and many of which are beyond management’s
control. An extensive list of factors that can affect future results are
discussed in ETP’s Annual Reports on Form 10-K and other documents filed
from time to time with the Securities and Exchange Commission. ETP
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170901005782/en/
Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
Hannah, Brent Ratliff, Helen Ryoo, 214-981-0795
Vicki Granado, 214-498-9272
Lisa Dillinger, 203-252-8769