Enterprise Products Partners exports ethane from this facility at the Barbours Cut Container Terminal on the Houston Ship Channel. (Source: Hart Energy)
If most midstream operators focus solely on the supply side of the business, well, most midstream operators aren’t Enterprise Products Partners LP (NYSE: EPD).
“At Enterprise, we spend as much time looking at market choices on the demand side of the equation as we spend looking at the supply side,” Enterprise CEO Jim Teague recently told a packed house of upstream executives at the Houston Producers Forum. “To do our job at Enterprise, we have to do both.”
Enterprise, with a market capitalization of about $60 billion, is connected by pipeline to virtually every ethylene plant in the U.S., Teague said, and is rapidly expanding its reach into global markets. That kind of muscle means something to astute producers.