Enterprise Products Partners
Enterprise Products Partners is a gas and oil pipeline company. Since its IPO in 1998 it has seen significant growth, taking its assets from a value of $715m up to $34bn by mid-2012. The business has 50,000 miles of natural gas and crude oil pipelines, 25 natural gas processing plants, 58 tow boats and 125 barges. The company can also store 190 million barrels of crude oil and 14 billion cubic feet of natural gas. Enterprise Products Partners is planning new pipelines for mid-2014, to move 850,000 barrels of oil each day from Canada, following surges in North American production.