Enterprise again boosts stake in Dixie Pipeline

A subsidiary of Enterprise Products Partners LP, Houston, has acquired additional interests in Dixie Pipeline Co., increasing Enterprise's ownership interest to 66% from 20%.

March 2, 2005

By OGJ editors

HOUSTON, Mar. 1 -- A subsidiary of Enterprise Products Partners LP, Houston, has acquired additional interests in Dixie Pipeline Co., increasing Enterprise's ownership interest to 66% from 20% (OGJ Online, Oct. 09, 2000).

Enterprise has received approvals for separate transactions in which it purchased a 26% interest from an affiliate of ChevronTexaco Corp. for $40 million and a 20% interest from an affiliate of ConocoPhillips for $31 million.

Dixie Pipeline Co., Atlanta, owns and operates the 1,300-mile Dixie Pipeline, which transports 100,000 b/d of propane from Texas, Louisiana, and Mississippi to the southeastern US.

The pipeline carries propane from Mont Belvieu, Tex., and nine other injection points to its termination points in Apex, NC, and Alma, Ga., as well as seven intermediate delivery terminals.

Other interest holders of Dixie Pipeline are affiliates of BP PLC with 23% and ExxonMobil Corp. with 11%.