Enterprise Products responding to crude oil leak from Houston terminal

Reuters
2025/08/14
UPDATE 2-Enterprise Products responding to crude oil leak from Houston terminal

Recasts throughout with company statement

By Nicole Jao and Arathy Somasekhar

NEW YORK, Aug 13 (Reuters) - Enterprise Products Partners EPD.N said on Wednesday it was responding to a crude oil leak from the company's oil terminal in southeast Houston.

Crude oil flows on the Seaway pipeline, which runs from Cushing, Oklahoma, to the Freeport, Texas, area and connects to the Enterprise Crude Houston $(ECHO)$ terminal, fell early on Wednesday, four sources said. A portion of the pipeline went down on Tuesday night, three sources said.

The cause of the release is under investigation, Enterprise said, adding there was no offsite impact, fire or injuries from the oil leak.

Enterprise activated its emergency response plan and has begun cleanup, the company said in a statement, adding that it was coordinating with federal, state and local regulatory authorities to address the leak and resume normal operations.

The price of West Texas Intermediate crude at East Houston, called MEH, climbed by as much as 35 cents to about a $1.30 premium to WTI at Cushing in early Wednesday trading, a trade source said. The ECHO terminal is a physical delivery point for Midland crude oil in Houston.

It traded around 90 cents at market close on Wednesday.

The ECHO terminal also provides crude oil storage to customers with access to major refineries along the Texas Gulf Coast and has connections to marine terminals that in turn supply other domestic and international refineries.

The Seaway pipeline is a 50-50 joint venture between Enterprise, which operates the line, and Canada's Enbridge ENB.TO. Enbridge did not immediately respond to questions about Seaway's operations.

Operations on the pipeline are expected to be restored later on Wednesday, two sources said.

(Reporting by Nicole Jao in New York and Arathy Somasekhar in Houston; Editing by Mark Porter, Nia Williams, Rod Nickel)

((Email: Nicole.Jao@thomsonreuters.com; Twitter/X: @ByNicoleJao; Phone: +1 646 540 2216))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10