Enterprise GP Holdings
Encyclopedia
Enterprise GP Holdings was a midstream energy holding company based in Houston, Texas
that made its debut on the Fortune 500
list at #177 in 2007. It had its corporate headquarters in the Enterprise Plaza
in Downtown Houston
.
The company was led by its president and Chief Executive Officer
, Ralph S. Cunningham. Dan Duncan
was the majority owner.
Enterprise Products
acquired Enterprise GP Holdings in 2010.
and crude oil for the next couple of years, before he was instead named president and CEO of Enterprise GP Holdings.
During the second quarter of 2007, Enterprise GP Holdings acquired two major competitors as partners, Houston-based TEPPCO Partners
LP and also 35 percent of Dallas-based Energy Transfer Equity
LP .
On July 23, 2007 Ralph S. Cunningham replaced Michael A. Creel as president and CEO of Enterprise GP Holdings LP. Cunningham had earlier that year been named interim president and CEO, and resigned from the Enterprise Products CEO position effective July 31, 2007. Creel then instead became president and CEO of the company's general partner Enterprise Products Partners LP.
Cunningham also became a director of both Enterprise GP Holdings and affiliated Duncan Energy Partners LP .
Houston, Texas
Houston is the fourth-largest city in the United States, and the largest city in the state of Texas. According to the 2010 U.S. Census, the city had a population of 2.1 million people within an area of . Houston is the seat of Harris County and the economic center of , which is the ...
that made its debut on the Fortune 500
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
list at #177 in 2007. It had its corporate headquarters in the Enterprise Plaza
Enterprise Plaza
Enterprise Plaza is a 55-story skyscraper located on Louisiana Street in Downtown Houston, Texas, United States. The headquarters of Enterprise GP Holdings is located in the Enterprise Plaza. Enbridge's Houston offices are in Enterprise.Enterprise Plaza was constructed in 1980 by Hines...
in Downtown Houston
Downtown Houston
Downtown Houston is the largest business district of Houston, Texas, United States. Downtown Houston, the city's central business district, contains the headquarters of many prominent companies. There is an extensive network of pedestrian tunnels and skywalks connecting the buildings of the district...
.
The company was led by its president and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
, Ralph S. Cunningham. Dan Duncan
Dan Duncan
Dan L Duncan was an American born in Center, Texas. He was the co-founder, chairman and majority shareholder of Enterprise Products.- Philanthropy :...
was the majority owner.
Enterprise Products
Enterprise Products
Enterprise Products Partners L.P. is a natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004, and is a member of the Fortune 500...
acquired Enterprise GP Holdings in 2010.
History
In 2005, Ralph S. Cunningham became CEO of the affiliated Enterprise Products Partners , a transporter of natural gasNatural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
and crude oil for the next couple of years, before he was instead named president and CEO of Enterprise GP Holdings.
During the second quarter of 2007, Enterprise GP Holdings acquired two major competitors as partners, Houston-based TEPPCO Partners
TEPPCO Partners
TEPPCO Partners LP was Fortune 300 company based in Houston, Texas. The company operated petroleum pipelines.-History:During the second quarter of 2007, it was acquired by another Fortune 500 company, Houston-based Enterprise GP Holdings along with 35 percent of Dallas-based Energy Transfer...
LP and also 35 percent of Dallas-based Energy Transfer Equity
Energy Transfer Equity
Energy Transfer Equity is a Fortune 500 company based in Dallas, Texas, a sister partnership to Energy Transfer Partners. It specializes in the storage and transportation of natural gas. The CEO of Energy Transfer Equity is John W. McReynolds...
LP .
On July 23, 2007 Ralph S. Cunningham replaced Michael A. Creel as president and CEO of Enterprise GP Holdings LP. Cunningham had earlier that year been named interim president and CEO, and resigned from the Enterprise Products CEO position effective July 31, 2007. Creel then instead became president and CEO of the company's general partner Enterprise Products Partners LP.
Cunningham also became a director of both Enterprise GP Holdings and affiliated Duncan Energy Partners LP .