Attached files
file | filename |
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8-K - FORM 8-K - Duncan Energy Partners L.P. | h79611e8vk.htm |
Exhibit 99.1 | ||
P.O. Box 4324 | ||
Houston, TX 77210 | ||
(713) 381-6500 |
Havens Resigns from Board of General Partner of Duncan Energy Partners;
Bulawa Elected to Board
Bulawa Elected to Board
Houston, Texas (February 11, 2011) Duncan Energy Partners L.P. (NYSE: DEP) today announced
that Joe D. Havens has resigned from the board of directors of DEP
Holdings, LLC (DEP GP), the general
partner of Duncan Energy Partners, effective today.
On behalf of the entire board and management team at Duncan Energy, I would like to thank Joe
for his service and leadership to the partnership since our initial public offering in January
2007, said W. Randall Fowler, president and chief executive officer of the general partner of
Duncan Energy Partners.
Duncan Energy Partners also announced today that Bryan F. Bulawa has been elected to the board
of directors effective today.
Mr. Bulawa,
age 41, has served as senior vice president, chief financial officer
and treasurer
of DEP GP since April 2010, having previously served as senior
vice president and treasurer
from October 2009 to April 2010. In October 2009, he
was elected senior vice president and
treasurer of the general partner of Enterprise Products Partners L.P., having previously served as
vice president and treasurer from July 2007 to October 2009. Prior to joining Enterprise, Mr.
Bulawa spent 13 years at Scotia Capital, where he served as director of the firms U.S. Energy
Corporate Finance and Distribution group.
After giving effect to the changes described above, the DEP GP board is now comprised of W.
Randall Fowler (president and chief executive officer), Bryan F. Bulawa (senior vice president,
chief financial officer and treasurer) and non-management directors William A. Bruckmann III, Larry
J. Casey and Richard S. Snell.
Duncan Energy Partners L.P. is a publicly traded partnership that provides midstream energy
services, including gathering, transportation, marketing and storage of natural gas, in addition to
NGL fractionation (or separation), transportation and storage and petrochemical transportation and
storage. Duncan Energy Partners owns interests in assets located primarily in Texas and Louisiana,
including interests in approximately 9,400 miles of natural gas pipelines with a transportation
capacity aggregating approximately 7.9 billion cubic feet (Bcf) per day; more than 1,600 miles of
NGL and petrochemical pipelines featuring access to one of the worlds largest fractionation
complexes at Mont Belvieu, Texas; two NGL fractionation facilities located in south Texas;
approximately 18 million barrels (MMBbls) of leased NGL storage capacity;
2
8.1 Bcf of leased natural gas storage capacity; and 34 underground salt dome caverns with more
than 100 MMBbls of NGL and related product storage capacity at Mont Belvieu. Duncan Energy
Partners is managed by its general partner, DEP Holdings, LLC, which is a wholly-owned subsidiary
of Enterprise Products Partners L.P.
Contacts: | Randy Burkhalter, Investor Relations, (713) 381-6812 Rick Rainey, Media Relations, (713) 381-3635 |
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