Duncan

The growth of natural gas liquids (NGL) production from North American shale plays helped Enterprise Products Partners LP (EPD) set a net income record in 2010, according to COO Jim Teague.

A group of West Virginia landowners have filed a lawsuit alleging that Range Resources Corp. and Duncan Land and Energy (DLE) breached the terms of leases for natural gas drilling in the state’s Marcellus Shale area two years ago.

Enterprise Products Partners LP (EPE), Duncan Energy Partners LP (DEP) and Enterprise GP Holdings LP (EPGP) realigned the boards of the respective general partners to strengthen corporate governance policies. The majority of each board now is composed of nonmanagement directors. The EPGP board is to be helmed by CEO and President Michael A. Creel, Executive Vice President (EVP) A.J. “Jim” Teague and three nonmanagement directors. The DEP board is now composed of President and CEO W. Randall Fowler and four nonmanagement directors. EPE is now run by President and CEO Ralph S. Cunningham, EVP Richard H. Bachmann and five nonmanagement directors. The changes to the boards do not impact the business units’ structures or their strategic focuses, EPE said.

Duncan Energy Partners LP, formed to own interests in some of Enterprise Products Partners LP’s Gulf Coast midstream assets, is set to launch its initial public offering (IPO) this week (see NGI, Nov. 6, 2006). About 13.0-14.95 million common units are expected to be offered, initially priced at $19-21/unit.

Duncan Energy Partners LP, formed to own interests in some of Enterprise Products Partners LP’s Gulf Coast midstream assets, will launch its initial public offering (IPO) next week (see Daily GPI, Nov. 3, 2006). About 13.0-14.95 million common units will be offered, initially priced at $19-21/unit.