Oct. 29, 2009 (Business Wire) -- Enterprise Products Partners L.P. (NYSE:EPD) today announced its commercial management team following the completion of the merger with TEPPCO Partners, L.P. (“TEPPCO”). As a result of the merger, the senior officers of the general partner of Enterprise listed below will report to A.J. “Jim” Teague, an Executive Vice President and the Chief Commercial Officer of Enterprise.
“We’re very excited about the senior management team we have assembled to lead Enterprise going forward and proud of the combined record of accomplishments its members have built,” stated Teague. “As a testament to the broad industry experience of the commercial management team, certain individuals will be responsible for assets in multiple business segments. The expertise this group brings to the table will be instrumental as we pursue opportunities that leverage the strength of Enterprise’s expanded asset base in order to add value for customers and investors alike.”
Lynn L. Bourdon, a Senior Vice President of Enterprise, will be responsible for the partnership’s petrochemical and refinery services businesses in addition to its natural gas liquid (“NGL”) marketing activities. The petrochemical services business includes Enterprise’s butane isomerization, propylene fractionation, octane enhancement and petrochemical pipeline assets. Bourdon joined Enterprise in 2003 from Orion Refining Corporation where he was Senior Vice President and Chief Commercial Officer. Most recently, Bourdon was Senior Vice President responsible for managing the partnership’s NGL-related marketing activities.
J. Michael Cockrell, a newly-elected Senior Vice President of Enterprise, will be responsible for managing the partnership’s onshore crude oil transportation, pipeline, storage and marketing business. This business is comprised of approximately 4,400 miles of onshore crude oil pipelines and approximately 14 million barrels of crude oil storage capacity, including Enterprise’s investment in the Seaway Crude pipeline, acquired as part of the merger with TEPPCO. Cockrell joined TEPPCO in 1999 and was elected Senior Vice President of the general partner of Enterprise contemporaneously with the completion of the merger with TEPPCO. Cockrell was most recently responsible for this business while a Senior Vice President of TEPPCO.
James M. Collingsworth, a Senior Vice President of Enterprise, will be responsible for the partnership’s regulated NGL, refined product and natural gas pipelines and storage businesses. These assets comprising this segment include the Mid-America, Seminole, Dixie and Chaparral NGL pipelines, as well as the TE Products pipeline and Enterprise’s investment in the Centennial refined products pipeline, both of which were previously TEPPCO assets. This business also includes regulated natural gas storage facilities in Hattiesburg and Petal, Mississippi.
