Enterprise expects 2009 capex budget to fall 60%

摘要

Houston-Reflecting the industry’s drive for cutting costs this year, pipeline systems operator Enterprise Products Partners expects a smaller $800 million capital project budget in 2009, down about 60% from the $2 billion it has spent in each of the last two years. In addition, CEO Michael Creel said the Houston-based partnership will be reviewing the need to fill vacant staffing positions while eliminating some contractor spots unnecessary for reduced projects.