Onshore Crude Oil Pipelines & Services – Gross operating margin from the partnership’s Onshore Crude Oil Pipelines & Services segment increased to $135 million for the fourth quarter of 2012 from $67 million for the fourth quarter of 2011. This increase in gross operating margin for the fourth quarter of 2012 was attributable to increased pipeline volumes, primarily on the Seaway pipeline and Eagle Ford production growth handled by our South Texas pipelines; improved results from our Cushing storage facility; and higher crude oil marketing volumes and margins. Total onshore crude oil pipeline volumes increased 32 percent to a record 897 MBPD for the fourth quarter of 2012 from 680 MBPD for the fourth quarter of 2011.Offshore Pipelines & Services – Gross operating margin for the Offshore Pipelines & Services segment was $42 million for the fourth quarter of 2012 compared to $60 million for the same quarter of 2011.
Enterprise Reports Record Results For 2012
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