EX-99 6 exhibit99-1.htm GLOSSARY

EXHIBIT 99.1

Glossary

 

The following abbreviations, acronyms or terms used in our SEC filings are defined below:

 

Acadian Gas

Acadian Gas, LLC and subsidiaries, acquired from Shell in April 2001

Administrative

Services Agreement

Second Amended and Restated Administrative Services Agreement, effective as of October 1, 2004, among EPCO, the Company, the Operating Partnership, the general partner of the OLP and our Enterprise GP (formerly, the “EPCO Agreement”)

AICPA

American Institute of Certified Public Accountants

Anadarko

Anadarko Petroleum Corporation, its subsidiaries and affiliates

APB

Refers to opinions or statements issued the Accounting Principles Board

ARB

Refers to Accounting Research Bulletins

ARO

Asset retirement obligations

BBtus

Billion British thermal units, a measure of heating value

BBtus/d

Billion British thermal units per day, a measure of heating value

Bcf

Billion cubic feet

Bcf/d

Billion cubic feet per day

BEF

Belvieu Environmental Fuels GP, LLC and Belvieu Environmental Fuels, L.P., collectively

Belle Rose

Belle Rose NGL Pipeline LLC, an equity investment

BHP

BHP Billiton Plc, its subsidiaries and affiliates

BP

BP PLC, its subsidiaries and affiliates

BRF

Baton Rouge Fractionators LLC, an equity investment

BRPC

Baton Rouge Propylene Concentrator, LLC, an equity investment

Cal Dive

Cal Dive International, Inc., its subsidiaries and affiliates

Cameron Highway

Cameron Highway Oil Pipeline Company, an equity investment

CAONO

Refers to “consideration adjustment outside of normal operations.” For a discussion of CAONO, please read “The Company’s Operations – NGL Pipelines & Services - Natural Gas Processing and related NGL marketing activities” beginning on page 18 of our annual report on Form 10-K for the year ended December 31, 2004.

CEO

Chief Executive Officer

CFO

Chief Financial Officer

ChevronTexaco

ChevronTexaco Corp., its subsidiaries and affiliates

CMAI

Chemical Market Associates, Inc.

Cogeneration

Cogeneration is the simultaneous production of electricity and heat using a single fuel such as natural gas.

Company

Enterprise Products Partners L.P. and its consolidated subsidiaries, including the Operating Partnership (also referred to as “Enterprise”)

ConocoPhillips

ConocoPhillips Petroleum Company, its subsidiaries and affiliates

Coyote

Coyote Gas Treating, LLC, an equity investment

CPG

Cents per gallon

Deepwater

Deepwater refers to oil and gas production areas located at depths of 1,000 feet or more such as those found in the Gulf of Mexico.

Deepwater Gateway

Deepwater Gateway, L.L.C., an equity investment

Devon

Devon Energy Corporation, its affiliates and subsidiaries

Diamond-Koch

Refers to common affiliates of both Valero Energy Corporation and Koch Industries, Inc.

Dixie

Dixie Pipeline Company, a former equity investment which became a consolidated subsidiary of the Company during the first quarter of 2005

Dominion

Dominion Resources, Inc., its subsidiaries and affiliates

Dow

The Dow Chemical Company, its subsidiaries and affiliates

DRIP

Distribution Reinvestment Plan

Dynegy

Dynegy Inc., its subsidiaries and affiliates

 



Glossary (Continued)

EITF

Emerging Issues Task Force

El Paso

El Paso Corporation and its affiliates

Enbridge

Enbridge Inc., its subsidiaries and affiliates

Enterprise

Enterprise Products Partners L.P. and its consolidated subsidiaries, including the Operating Partnership

Enterprise GP

Enterprise Products GP, LLC, the general partner of the Company

EPA

Environmental Protection Agency

EPCO

EPCO, Inc. (formerly Enterprise Products Company), an affiliate of the Company and our ultimate parent company

EPIK

EPIK Terminalling L.P. and EPIK Gas Liquids, LLC, collectively

EPOLP

Enterprise Products Operating L.P., the operating subsidiary of the Company (also referred to as the “Operating Partnership”)

Evangeline

Evangeline Gas Pipeline Company, L.P. and Evangeline Gas Corp., collectively, an equity investment

ExxonMobil

Exxon Mobil Corporation, its subsidiaries and affiliates

FASB

Financial Accounting Standards Board

Feedstock

A raw material required for an industrial process such as in petrochemical manufacturing

FERC

Federal Energy Regulatory Commission

FIN

Financial Accounting Standards Board Interpretation

Forward sales contracts

The sale of a commodity or other product in a current period for delivery in a future period.

FTC

U.S. Federal Trade Commission

GAAP

Generally Accepted Accounting Principles in the United States of America

GulfTerra

Enterprise GTM Holdings L.P., formerly named GulfTerra Energy Partners, L.P. (for a discussion of GulfTerra, please read “The Company’s Operations – Recent Developments” beginning on page 2 of our annual report on Form 10-K for the year ended December 31, 2004.)

GulfTerra GP

Enterprise GTMGP, L.L.C., formerly named GulfTerra Energy Company, L.L.C., the general partner of GulfTerra

GulfTerra Merger

Refers to Step One, Step Two and Step Three of the merger of GulfTerra with a wholly owned subsidiary of the Company and the various transactions related thereto. Please read Note 3 of the Notes to Consolidated Financial Statements of our annual report on Form 10-K for the year ended December 31, 2004, for a description of Step One, Step Two and Step Three of the GulfTerra Merger.

HIOS

Denotes our High Island Offshore System

HSC

Denotes our Houston Ship Channel pipeline system

ICA

Interstate Commerce Act

Isomerization

For a discussion of the isomerization process, please read “The Company’s Operations—Petrochemical Services—Butane Isomerization” beginning on page 32 of our annual report on Form 10-K for the year ended December 31, 2004.

Kerr-McGee

Kerr-McGee Corporation, its subsidiaries and affiliates

Koch

Koch Industries, Inc. , its subsidiaries and affiliates

La Porte

La Porte Pipeline Company, L.P. and La Porte GP, LLC, collectively, an equity investment

LIBOR

London interbank offered rate

LCM

Lower of average cost or market

MBFC

Mississippi Business Finance Corporation

MBPD

Thousand barrels per day

Mid-America

Mid-America Pipeline Company, LLC

Midstream Energy Assets

The intermediate segments of the energy industry downstream of oil and gas production and upstream of end user consumption. These segments provide services to producers and consumers of energy. These services generally include but are not limited to natural gas gathering, processing and wholesale marketing and NGL fractionation, transportation and storage.

 



Glossary (Continued)

MMcf

Million cubic feet

MMcf/d

Million cubic feet per day

MMBbls

Million barrels

MMBtus

Million British thermal units, a measure of heating value

Mont Belvieu

Mont Belvieu, Texas

Moody’s

Moody’s Investors Service

MTBE

Methyl tertiary butyl ether

Natural gas processing

For a discussion of our natural gas processing business, please read “The Company’s Operations—Natural Gas Processing and related NGL marketing activities” beginning on page 18 of our annual report on Form 10-K for the year ended December 31, 2004.

Nemo

Nemo Gathering Company, LLC, an equity investment

Neptune

Neptune Pipeline Company, L.L.C., an equity investment

NGL or NGLs

Refers to natural gas liquid(s), which are used by the petrochemical and refining industries to produce plastics, motor gasoline and other industrial and consumer products and also are used as residential, agricultural and industrial fuels.

NGL marketing activities

For a discussion of our NGL marketing activities, please read “The Company’s Operations—Natural Gas Processing and related NGL marketing activities” beginning on page 18 of our annual report on Form 10-K for the year ended December 31, 2004.

NGL fractionation

For a discussion of the NGL fractionation process, please read “The Company’s Operations—NGL Pipelines & Services—NGL fractionation” beginning on page 26 of our annual report on Form 10-K for the year ended December 31, 2004.

NYSE

New York Stock Exchange

OPIS

Oil Price Information Service

Operating Partnership

Enterprise Products Operating L.P. and its affiliates

OTC

Olefins Terminal Corporation

Petrochemical marketing

For a discussion of our petrochemical marketing activities, please read “The Company’s Operations—Petrochemical Services—Propylene fractionation” beginning on page 29 of our annual report on Form 10-K for the year ended December 31, 2004.

Poseidon

Poseidon Oil Pipeline Company, L.L.C., an equity investment

Promix

K/D/S Promix LLC, an equity investment

Propylene fractionation

For a discussion of the propylene fractionation process, please read “The Company’s Operations—Petrochemical Services—Propylene fractionation” beginning on page 29 of our annual report on Form 10-K for the year ended December 31, 2004.

PTR

Refers to “plant thermal reduction.” For a discussion of PTR, please read “The Company’s Operations – Natural Gas Processing and related NGL marketing activities” beginning on page 18 of our annual report on Form 10-K for the year ended December 31, 2004.

Resource base

The gross assemblage of various geological bodies from which oil and natural gas reserves are produced.

Rocky Mountain

Referrers to the Rock Mountain region of the United States, primarily, Wyoming, Utah, Colorado, and New Mexico

SEC

U.S. Securities and Exchange Commission

Seminole

Seminole Pipeline Company

SFAS

Statement of Financial Accounting Standards issued by the FASB

Shell

Shell Oil Company, its subsidiaries and affiliates

Spinnaker

Spinnaker Exploration Co., its subsidiaries and affiliates

Splitter III

Refers to the propylene fractionation facility we acquired from Diamond-Koch

Spot market

Refers to a market where buyers and sellers consummate routine transactions where performance by both parties is short-term in nature and prices are based on market conditions at the time the transaction is executed.

Starfish

Starfish Pipeline Company, LLC, a prior equity investment sold in March 2005

 



 

 

Glossary (Continued)

STMA

Refers to the South Texas midstream assets we purchase from El Paso in connection with Step Three of the GulfTerra Merger. Please read Note 3 of the Notes to Consolidated Financial Statements of our annual report on Form 10-K for the year ended December 31, 2004, for a description of Step One, Step Two and Step Three of the GulfTerra Merger.

Straddle plants

A natural gas processing facility situated on a pipeline that is the sole inlet and outlet for the processing facility

Sun

Sunoco Inc., its subsidiaries and affiliates

Tennessee Gas Pipeline

Refers to a major interstate natural gas pipeline, which is owned by El Paso

Tension-leg platform

A floating platform, attached to the sea floor by tensile strength steel tube tendons, used for drilling and production in deepwater.

TEPPCO

TEPPCO Partners, L.P., its subsidiaries and affiliates

Throughput

Refers to the physical movement of volumes through a pipeline

Tri-States

Tri-States NGL Pipeline LLC, an equity investment

Unocal

Unocal Corporation, its subsidiaries and affiliates

Valero

Valero Energy Corporation, its subsidiaries and affiliates

VESCO

Venice Energy Services Company, LLC, an equity investment

Williams

The Williams Companies, Inc., its subsidiaries and affiliates

Wilprise

Wilprise Pipeline Company, LLC

1998 Trust

Duncan Family 1998 Trust, an affiliate of EPCO

2000 Trust

Duncan Family 2000 Trust, an affiliate of EPCO