Onshore Crude Oil Pipelines & Services – Gross operating margin from Enterprise’s Onshore Crude Oil Pipelines & Services segment increased $51 million, or 76 percent, to a record $118 million for the third quarter of 2012 from $67 million for the third quarter of 2011. Total onshore crude oil pipeline volumes increased by 95 MBPD, or 13 percent, to a record 820 MBPD for the third quarter of 2012 from 725 MBPD for the third quarter of 2011.Most of Enterprise’s major onshore crude oil pipelines and associated marketing activities reported increases in gross operating margin for the third quarter of 2012 due to higher volumes and sales margins. Enterprise’s South Texas crude oil pipeline system reported a $20 million increase in gross operating margin on a 98 percent, or 75 MBPD, increase in volume compared to the third quarter of last year. Enterprise’s share of equity income from the Seaway Crude Oil Pipeline increased by $18 million for the third quarter of 2012 compared to the same quarter in 2011.
Enterprise Reports Results For The Third Quarter Of 2012
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