Enterprise Elects Cisarik as Senior Vice President.Energy Editors/Business Editors HOUSTON--(BUSINESS WIRE)--Feb. 13, 2003 Enterprise Products Partners L.P. (NYSE NYSE See: New York Stock Exchange :EPD EPD expected progeny difference. ) announced that the board of directors of its general partner has elected James James, person in the Bible James, in the Gospel of St. Luke, kinsman of St. Jude. The original does not specify the relationship. James, rivers, United States James. A. Cisarik as senior vice president. Cisarik, 44, joined Enterprise Products Partners in April 2001 when the company acquired Acadian Gas, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control from an affiliate of Shell Oil Company. Cisarik is responsible for the commercial activities of the natural gas business, which include the marketing, supply, transportation and regulatory functions of the natural gas pipelines and storage businesses. Cisarik has 20 years of experience in the natural gas pipeline industry. Prior to joining Enterprise he was a senior vice president at Coral Energy, LLC, an affiliate of Shell Oil Company, responsible for market development of Coral's Texas and Louisiana Louisiana (ləwē'zēăn`ə, l ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. natural gas
pipeline systems beginning in 1999. Previous to his management
experience at Coral, Cisarik held various officer positions with Tejas
Gas Corporation, a previous owner of Acadian since 1990.
"Jim has been a valuable addition to our management team and has done an excellent job managing the commercial functions of our natural gas business," stated O.S. "Dub" Andras Andras demon of discord. [Occultism: Jobes, 93] See : Discord , president and chief executive officer of Enterprise. His knowledge and industry experience will prove advantageous as we grow our natural gas business and increase the earnings contribution from this important fee-based business." Cisarik earned a B.B.A. degree in petroleum land management from the University of Texas in Austin. Enterprise Products Partners L.P. is the second largest publicly traded, midstream mid·stream n. 1. The middle part of a stream. 2. The part of a course that is neither at the beginning nor at the end: the midstream of life. Noun 1. energy partnership with an enterprise value of approximately $6 billion. Enterprise is a leading provider of midstream energy services to producers and consumers of natural gas and natural gas liquids ("NGLs"). The Company's services include natural gas transportation, processing and storage and NGL NGL - A dialect of IGL. fractionation fractionation /frac·tion·a·tion/ (frak?shun-a´shun) 1. in radiology, division of the total dose of radiation into small doses administered at intervals. 2. (or separation), transportation, storage and import/export terminaling. This press release contains various forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. and information that are based on the Company's beliefs and those of its general partner, as well as assumptions made by and information currently available to the Company. When used in this press release, words such as "anticipate," "project," "expect," "plan," "goal," "forecast," "intend," "could," "believe," "may," and similar expressions and statements regarding the plans and objectives of the Company for future operations, are intended to identify forward-looking statements. Although the Company and its general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither the Company nor its general partner can give assurances that such expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. , or if underlying assumptions prove incorrect, the Company's actual results may vary materially from those the Company anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on the Company's results of operations and financial condition are: -- competitive practices in the industries in which the Company competes; -- fluctuations in oil, natural gas and NGL prices and production due to weather and other natural and economic forces; -- operational and systems risks; -- environmental liabilities that are not covered by indemnity or insurance; -- the impact of current and future laws and governmental regulations (including environmental regulations) affecting the midstream energy industry in general and the Company's NGL and natural gas operations in particular; -- the loss of a significant customer; -- the use of financial instruments to hedge commodity and other risks that prove to be economically ineffective; and -- failure to complete one or more new projects on time or within budget. The Company has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. |
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