Enterprise Crude Houston (ECHO)

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Enterprise Products (EPD) Announces Seaway Oil Pipeline System Fully Restored After Leak
Yahoo Finance· 2025-09-11 15:32
Core Viewpoint - Enterprise Products Partners L.P. (NYSE:EPD) has successfully restored the Seaway crude oil pipeline system after a leak, which is a positive development for the company and its operations in the midstream sector [1][3]. Group 1: Pipeline Restoration - The Seaway pipeline was shut down on August 12 due to a leak in southeast Houston, disrupting crude oil flow [1]. - Shipments resumed gradually, with operations restarting on the evening of August 14, although the company did not disclose the extent of the oil impact from the leak [2]. - The price of WTI crude at MEH in East Houston was $1.25 above WTI at Cushing on August 14, reflecting a 45-cent increase compared to the price before the leak [3]. Group 2: Company Overview - Enterprise Products Partners L.P. is a Texas-based provider of midstream services for natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products [5]. - The Seaway pipeline connects Cushing, Oklahoma, to Freeport, Texas, linking to the Enterprise Crude Houston (ECHO) terminal, which serves as a hub for Midland crude in Houston [1][4]. - ECHO stores oil for customers and connects them to major Texas Gulf Coast refineries and marine terminals for local and international distribution [4].