Enterprise's Q3 Seaway margin falls on thin demand

摘要

Houston-Enterprise Product Partners said November 2 a lack of demand to ship crude oil on the 410,000 b/d Freeport, Texas, to Cushing, Oklahoma, Seaway pipeline resulted in a $3 million decrease in gross operating margin in the third quarter over the same quarter in 2010. "All of Enterprise's major onshore crude oil pipelines, storage assets and marketing activities reported solid results for the third quarter of 2011 on higher volumes and sales margins with the exception of the Seaway pipeline," Enterprise said in its third-quarter earnings report.