Enterprise reported the incident to the appropriate government authorities and personnel on the scene worked closely with emergency responders to secure the site. Crews are in the process of determining the extent of the damage and have begun an investigation into the cause of the incident.
Based on preliminary findings, Enterprise expects the facility to resume service in approximately two to three weeks time. In the meantime, all natural gas volumes are being diverted to the partnership’s adjacent silica gel natural gas processing plant.
Prior to the incident, the Pioneer cryogenic facility was processing about 550 million cubic feet of natural gas per day and extracting approximately 26,000 barrels per day of natural gas liquids. Enterprise does not expect the service interruption to materially affect the partnership’s gross operating margin or net income for 2008.
