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Enterprise Products Partners generated enough cash in the fourth quarter to pay its dividend 1.3 times over, the company announced Monday.
The pipeline giant said the amount of fuel transported and processed helped ease some effects of lower commodity prices.
Enable’s main offices are located in Oklahoma city, but the company operates its interstate pipeline segment in Houston.
The Houston-based midstream company’s general counsel and corporate secretary, Stephanie Hildebrandt, is leaving to join Norton Rose Fulbright, while Craig Murray, a Vinson & Elkins corporate partner in Houston, has been hired to replace her.
The Houston-based MLP reported higher fees in some sectors and an increase in crude volume moving through its pipelines.
The heirs of Houston pipeline tycoon and philanthropist Dan Duncan rank No. 10 on a new Forbes list of billionaire families.
Four contract workers have suffered burns in a flash fire at an Enterprise Products natural gas processing plant in South Texas.
A dozen jurors start Monday deliberating the billion-dollar dispute among three giant oil and gas companies over a joint effort to build a pipeline from Cushing, Okla. to the Gulf Coast.
The billion-dollar legal battle among three oil and gas giants – Energy Transfer Partners, Enterprise Products and Enbridge – that went to trial last week sounds like a bitter divorce case, complete with accusations of a lovers’ triangle.
The fire, which erupted Tuesday morning, was extinguished by the afternoon, but the facility remains shut down.