Enterprise to buy ChevronTexaco's NGL fractionator interest.(Enterprise Products Partners L.P.)(Brief Article)

Worldwide Energy, June, 2002

Enterprise Products Partners L.P. (NYSE:EPD), Houston, has announced that its operating partnership has executed an agreement to acquire a 12.5 percent ownership interest in a natural gas liquids fractionator from an affiliate of ChevronTexaco. The transaction is expected to close during the second quarter of 2002. Financial details of the agreement were not disclosed.

The fractionator is located in Enterprise's complex in Mont Belvieu, Texas. It has the capacity to fractionate, or separate, 210,000 barrels per day of mixed natural gas liquids into ethane, propane, normal butane, isobutane and natural gasoline. Enterprise currently owns 62.5 percent interest in this facility and serves as the operator.

Upon completion of the purchase, the other joint...

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