EPD » Topics » Page 9 - Diversified Business Mix

This excerpt taken from the EPD 8-K filed Aug 28, 2006.

Page 9 – Diversified Business Mix

Our business mix has become quite a bit more balanced over the years. A lot of that has to do with investing in new assets. Some of it has to do with the merger that we did with GulfTerra, or the acquisition of the Mid-America Seminole Pipelines back in 2002. But today about half of our gross operating margin comes from our NGL pipelines and services segment. That includes our NGL pipelines, our processing plants, the related marking activities, fractionation facilities, as well as our NGL storage facilities.

 

About 30% of our gross operating margin comes from our onshore natural gas pipelines and services. That’s our pipelines in the Permian and San Juan Basins in Texas, the Texas Intrastate System, the Acadian system in Louisiana, as well as our natural gas storage.

 

About 14% of our gross operating margin comes from our petrochemical segment. That includes our propylene fractionation business, our butane isomerization business, as well as our isooctane and octane enhancement business. Gil Radtke is going to talk about those businesses, which are pretty exciting in today’s market, really doing very, very well.

 

And last is our offshore pipelines and services. It today represents about 6% of our gross operating margin, but that’s poised to grow as we have more projects coming on stream, particularly the Independence Hub and Trail that we expect to come in the early part of 2007, a very exciting project that James Lytal is going to get into quite a bit more.



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