<SEC-DOCUMENT>0001061219-22-000012.txt : 20220602
<SEC-HEADER>0001061219-22-000012.hdr.sgml : 20220602
<ACCEPTANCE-DATETIME>20220503140201
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001061219-22-000012
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20220503

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENTERPRISE PRODUCTS PARTNERS L.P.
		CENTRAL INDEX KEY:			0001061219
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		IRS NUMBER:				760568219
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1100 LOUISIANA 10TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002
		BUSINESS PHONE:		7133816500

	MAIL ADDRESS:	
		STREET 1:		1100 LOUISIANA 10TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ENTERPRISE PRODUCTS PARTNERS L P
		DATE OF NAME CHANGE:	19980518
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Enterprise Products
         Document created using EDGARfilings PROfile 8.2.0.0
         Copyright 1995 - 2022 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div style="width: 100%;" id="DSPFPageHeader"></div>
  <div>
    <div style="font-family: 'Times New Roman', serif; font-size: 7pt;">
      <div>
        <table cellspacing="0" cellpadding="0" id="za93b2f294fed4685bf71f053e270a50a" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 29.82%; vertical-align: top;">
                <div><a name="HeaderOne"></a><img width="115" height="30" src="image0.jpg"></div>
              </td>
              <td style="width: 37.52%; vertical-align: top;">
                <div style="font-family: Arial, sans-serif; font-size: 6.5pt;"><a name="swiOFCompanyName"></a>SIDLEY AUSTIN LLP</div>
                <div style="font-family: Arial, sans-serif; font-size: 6.5pt;"><a name="swiOFStreetAddressVert"></a>1000 LOUISIANA STREET</div>
                <div style="font-family: Arial, sans-serif; font-size: 6.5pt;">SUITE 5900</div>
                <div style="font-family: Arial, sans-serif; font-size: 6.5pt;"><a name="swiOFAutoCityStateZipCountryHoriz"></a>HOUSTON, TX 77002</div>
                <div style="font-family: Arial, sans-serif; font-size: 6.5pt;"><a name="swiOFPhone"></a>+1 713 495 4500</div>
                <div style="font-family: Arial, sans-serif; font-size: 6.5pt;"><a name="swiOFFax"></a>+1 713 495 7799 FAX</div>
                <div>&#160;</div>
                <div>&#160;</div>
                <div style="font-family: Arial, sans-serif; font-size: 6.5pt;">AMERICA&#160; <font style="font-family: 'Times New Roman', Times, serif;">&#8226;</font>&#160; ASIA PACIFIC&#160; <font style="font-family: 'Times New Roman', Times, serif;">&#8226;</font>&#160; EUROPE</div>
              </td>
              <td style="width: 32.66%; vertical-align: top;">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="margin-top: 18pt;"><a name="HeaderTwo"></a></div>
      <br>
    </div>
    <div style="text-align: center; margin-top: 18pt; margin-bottom: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt;">May 3, 2022</div>
    <div style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><a name="Salutation"></a>VIA EDGAR</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Division of Corporation Finance</div>
    <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Office of Energy &amp; Transportation</div>
    <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">U.S. Securities and Exchange Commission</div>
    <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">100 F Street, NE</div>
    <div style="margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Washington, D.C. 20549</div>
    <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Attn:</font>&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Yong Kim, Staff Accountant</font></div>
    <div style="text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Gus Rodriguez, Accounting Branch Chief</div>
    <div style="margin: 0px 0px 0px 36pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Re:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Enterprise Products Partners L.P.</font></div>
    <div style="margin: 0px 0px 0px 36pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; text-indent: 36pt;">Form 10-K for the Year Ended December 31, 2021</div>
    <div style="margin: 0px 0px 0px 36pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; text-indent: 36pt;">Filed February 28, 2022</div>
    <div style="text-indent: 36pt; margin-left: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">File No. 001-14323</div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;"><a name="swiBeginHere"></a>Ladies and Gentlemen:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Set forth below are the responses of Enterprise Products Partners L.P., a Delaware limited partnership (&#8220;<font style="font-weight: bold; font-style: italic;">Enterprise</font>,&#8221; &#8220;<font style="font-weight: bold; font-style: italic;">we</font>,&#8221; &#8220;<font style="font-weight: bold; font-style: italic;">us</font>,&#8221; &#8220;<font style="font-weight: bold; font-style: italic;">our</font>&#8221; or &#8220;<font style="font-weight: bold; font-style: italic;">partnership</font>&#8221;), to the comments received from the staff of the Division of Corporation Finance (the &#8220;<font style="font-weight: bold; font-style: italic;">Staff</font>&#8221;) of the Securities and Exchange Commission by letter dated April 20, 2022, with respect to Enterprise&#8217;s Form 10-K for the year ended December 31, 2021 filed on
      February 28, 2022 (the &#8220;<font style="font-weight: bold; font-style: italic;">Form 10-K</font>&#8221;). Each response below has been prepared and is being provided by Enterprise, which has authorized
      Sidley Austin LLP to respond to the Staff&#8217;s comments on its behalf.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Form 10-K for the Year Ended December 31, 2021</u></div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Item 1A. Risk Factors, page 34</u></div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z4e8e5c83c0cb4101805b6b9e92296e41" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">You disclose in your 2022 Analyst Day presentation that Oil &amp; Gas industry is currently facing post-COVID supply chain
                shortages (labor, steel, sand), oilfield service equipment cannibalization and cost inflation 20%+. Please disclose in a risk factor the potential negative effects of inflation on your financial results, financial position and liquidity.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-weight: bold;"><u> <br>
        </u></font></div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="width: 100%;" id="DSPFPageFooter">
        <div>
          <div style="text-align: center; font-family: Arial,sans-serif; font-size: 5.5pt;">Sidley Austin (TX) LLP is a Delaware limited liability partnership doing business as Sidley Austin LLP and practicing in affiliation with other Sidley Austin
            partnerships.</div>
        </div>
      </div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
      <img src="image00001.jpg"></div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">
      <div><br>
      </div>
      <br>
      <div style="text-align: left;">Page 2</div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-weight: bold;"><u>Response</u></font>:</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">We acknowledge your comment 1, and note that the above-referenced presentation disclosure relates to the broader energy industry generally,
      and not to Enterprise or any other midstream company specifically.&#160; Our intent in disclosing this information was to address the challenges that exploration and production and oilfield services companies are facing and why we were not expecting to
      see a rapid response in production growth, notwithstanding recent increases in commodity prices.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">We have further considered Regulation S-K Item 105, which expressly discourages disclosure of risks that could apply to any registrant, while
      directing registrants to explain how each risk affects the registrant.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">In response to the foregoing comment, Enterprise will include the following additional Risk Factor in its Quarterly Report on Form 10-Q for
      the three months ending March 31, 2022:</div>
    <div style="margin-left: 36pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; font-weight: bold;"><a name="z_Hlk101509684"></a>Changes in price levels could negatively impact our revenue, our expenses, or
      both, which could adversely affect our business.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 36pt; color: #231F20; font-family: 'Times New Roman', serif; font-size: 12pt;">The operation of our assets and the execution of capital projects require significant expenditures for labor, materials,
      property, equipment and services. As a result, such costs may increase during periods of general business inflation, including as a result of higher commodity prices, supply chain disruptions and tight labor markets.&#160; Recent inflationary pressures
      affecting the general economy and the energy industry have increased our expenses and capital costs, and those costs may continue to increase.&#160; While the majority of long-term contracts for our services contain index-based changes and inflation
      adjustments, we may not be able to pass all of these increased costs to our customers in the form of higher fees for our services. In addition, we use the FERC&#8217;s PPI-based price indexing methodology to establish tariff rates in certain markets served
      by our pipelines.&#160; As such, our revenues and operating margins are impacted by changes in price levels. Prior to adjustments to applicable rates, material cost increases may affect our operating margins, even if margins in subsequent periods may be
      normalized following applicable rate adjustments.&#160; Accordingly, increased costs during periods of general business inflation that are not passed through to customers or offset by other factors may have a material adverse effect on our financial
      position, results of operations and cash flows.</div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div style="margin-bottom: 12pt;"><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="margin-bottom: 12pt;">
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><img src="image00001.jpg"></div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">
        <div><br>
        </div>
        <br>
        <div style="text-align: left;">Page 3<br>
        </div>
      </div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Item 7. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations, page 57</u></div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zba611482a2b74bc7818d4046a71d4e58" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-bottom: 12pt; width: 100%; text-align: left; color: #000000;">

          <tr>
            <td style="width: 36pt; vertical-align: top; align: right;">
              <div style="margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">2.</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-size: 12pt; text-align: justify;">You disclose in your 2022 Analyst Day presentation that Oil &amp; Gas industry is currently facing post-COVID supply chain shortages (labor, steel,
                sand), oilfield service equipment cannibalization and cost inflation 20%+. You also disclose that gross operating margins decreased due to higher operating costs or higher maintenance costs for a number of your operations. Discuss and
                analyze the underlying reasons for the higher operating and maintenance costs. Refer to Item 303(b) of Regulation S-K. Please also discuss and analyze the potential negative effects of inflation on your financial results and liquidity.</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-weight: bold;"><u>Response</u></font>:</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Item 303 of Regulation S-K requires disclosure of information relevant to assessing our financial condition and results of operations to
      enable readers of our reports to view the Company from management&#8217;s perspective.&#160; We acknowledge that the discussion must focus specifically on material events and uncertainties known to management that are reasonably likely to cause reported
      financial information not to be necessarily indicative of future operating results or of future financial condition.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">
      <div style="margin-bottom: 12pt;">
        <div style="margin-bottom: 12pt;">In our Item 7, Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations in our 2021 Form 10-K filed February
          28, 2022, we disclosed certain impacts where gross operating margins decreased due to higher operating costs or higher maintenance costs for several of our operations.&#160; The year-to-year increases in operating expenses and maintenance costs for
          the operations we discussed were primarily attributable to (1) scheduled maintenance and integrity management activities performed in 2021, including hydrotesting of our pipelines and mechanical integrity activities completed in accordance with
          standards set by the American Petroleum Institute; (2) unscheduled repairs and maintenance activities performed as a result of weather related events, as was described under the heading &#8220;Estimated Impact of Hurricane Ida on Results for 2021&#8221;
          within Item 7 of the Form 10-K; and (3) higher utility costs for natural gas and electricity used in operating our processing and fractionation facilities as a result of higher commodity prices and rates charged by utility providers.&#160; We note
          that such higher energy costs represent a material cause of overall inflation, among other causes, and not vice versa.</div>
      </div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">To the extent that inflation impacts our operating costs, including the situations described above, there are typically offsetting benefits
      either inherent in our business or that result from other steps we take proactively to reduce the impact of inflation on our net operating results.&#160; These benefits include: (1) provisions included in our fee-based revenue contracts that offset cost
      increases in the form of rate escalations based on positive changes in the U.S. Consumer Price Index, Producer Price Index for Finished Goods or other factors; (2) provisions in other revenue contracts that enable us to pass through higher energy
      costs to customers in the form of gas, electricity and fuel </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">
      <div style="margin-bottom: 12pt;"><img src="image00001.jpg"></div>
      <div style="margin-bottom: 12pt;">
        <div><br>
        </div>
        <br>
        <div style="text-align: left;">Page 4<br>
        </div>
      </div>
      rebills or surcharges; and (3) higher commodity prices, which generally enhance our results in the form of increased volumetric throughput and demand for our services.&#160; Additionally, we take measures to mitigate the impact of cost increases in
      certain commodities, including a portion of our electricity needs, using fixed-price, term purchase agreements.&#160; While a significant or prolonged period of high inflation could adversely impact our results if costs were to increase at a rate greater
      than the increase in revenues we receive, we believe that the benefits and mitigating factors described above would help alleviate the negative impact that inflation could have on our financial condition and results of operations.&#160; In order to enable
      our readers to understand the impact inflation has on our results of operations, we will include the following discussion under the heading &#8220;Impact of Inflation&#8221; immediately preceding our &#8220;Income Statement Highlights&#8221; section in our Form 10-Q for the
      three months ended March 31, 2022:</div>
    <div style="text-align: justify; margin-left: 36pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>Impact of Inflation</u></div>
    <div style="text-align: justify; margin-left: 36pt; font-family: 'Times New Roman', serif; font-size: 12pt;">After being relatively moderate in recent years, inflation in the United States increased significantly in late 2021 into 2022.&#160; This rise in
      inflation, coupled with supply chain disruptions, labor shortages and increased commodity prices, has generally resulted in higher costs in 2022.&#160; However, to the extent that a rising cost environment impacts our results, there are typically
      offsetting benefits either inherent in our business or that result from other steps we take proactively to reduce the impact of inflation on our net operating results.&#160; These benefits include: (1) provisions included in our fee-based revenue
      contracts that offset cost increases in the form of rate escalations based on positive changes in the U.S. Consumer Price Index, Producer Price Index for Finished Goods or other factors; (2) provisions in other revenue contracts that enable us to
      pass through higher energy costs to customers in the form of gas, electricity and fuel rebills or surcharges; and (3) higher commodity prices, which generally enhance our results in the form of increased volumetric throughput and demand for our
      services.&#160; Additionally, we take measures to mitigate the impact of cost increases in certain commodities, including a portion of our electricity needs, using fixed-price, term purchase agreements.&#160; For these reasons, the increased cost environment,
      caused in part by inflation, has not had a material impact on our historical results of operations for the periods presented in this report.&#160; However, a significant or prolonged period of high inflation could adversely impact our results if costs
      were to increase at a rate greater than the increase in the revenues we receive.</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-left: 36pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="color: #000000;">See &#8220;Capital Investments&#8221; within this Part I, Item 2 for
        a discussion of the impact of inflation on our capital investment decisions.&#160; Additionally, see Part II, Item 1A &#8220;Risk Factors -</font><font style="font-weight: bold;">&#160;</font>Changes in price
      levels could negatively impact our revenue, our expenses, or both, which could adversely affect our business.&#8221;</div>
    <div style="text-align: justify; margin-left: 36pt; font-family: 'Times New Roman', serif; font-size: 12pt;"> <br>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">We will continue to include disclosures in future periodic reports that describe any significant components of operating costs that, in our
      judgement, would be material to understanding our </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">
      <div style="margin-bottom: 12pt;"><img src="image00001.jpg"></div>
      <div style="margin-bottom: 12pt;">
        <div><br>
        </div>
        <br>
        <div style="text-align: left;">Page 5<br>
        </div>
      </div>
      results of operations and discuss any trends or uncertainties that we consider reasonably likely to have a material impact on our future operating results or financial condition.</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">The amount of capital resources we have available for growth capital investments could be negatively impacted by inflation in the form of
      higher costs for labor, steel, aluminum, electronic components and other materials necessary to construct new midstream energy infrastructure assets. Higher borrowing costs due to higher interest rates on future debt issuances could also add downward
      pressure on our operating results.&#160; Our management has taken steps to mitigate the effect of these higher costs in several ways, including executing fixed-bid construction agreements with contractors for certain large projects, leveraging our size
      and scale in the purchasing process and increasing inventory stock levels in certain materials to avoid future price increases.&#160; Additionally, we seek to maintain the expected levels of return on our investments by ensuring that any cost increases we
      incur are adequately factored into the fees we charge customers prior to proceeding with any large project.&#160; However, a significant and prolonged period of high inflation could adversely impact our liquidity and returns on investment and, as a
      result, we may need to allocate additional capital to growth projects, modify the scope of projects or cancel projects altogether.&#160; In light of these risks, we will refine our discussion under the heading &#8220;Capital Investments&#8221; within our Liquidity
      and Capital Resources section in our Form 10-Q for the three months ended March 31, 2022 to more fully address the negative impact inflation could have on our forecast of capital investments as follows (additions marked in underlined text while
      deletions are shown as strikethrough compared to the disclosure in the Form 10-K):</div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">
      <div style="margin-left: 36pt;"><a name="z_Hlk101692675"></a>Our forecast of capital investments is dependent upon our ability to generate the required funds from either
        operating cash flows or other means, including borrowings under debt agreements, the issuance of additional equity and debt securities, and potential divestitures.&#160; We may revise our forecast of capital investments due to factors beyond our
        control, such as adverse economic conditions, weather-related events and changes in supplier prices <u>resulting from raw material or labor shortages, supply chain disruptions
            or inflation</u>.&#160; Furthermore, our forecast of capital investments may change <strike>due to</strike>&#160;<u>over time based on future</u> decisions <strike>made</strike> by management<strike> at a later date</strike>, which may include <strike>unforeseen acquisition opportunities</strike>&#160;<u>changing the scope or timing of projects or cancelling projects altogether</u>.&#160; Our success in raising capital, <strike>including
            partnering </strike><u>having the ability to increase revenues commensurate with cost increases and our ability to partner</u> with other companies to share
        project costs and risks, continue to be <strike>a</strike> significant factor<u>s</u> in
        determining how much capital we can invest.&#160; We believe our access to capital resources is sufficient to meet the demands of our current and future growth needs and, although we <u>currently</u>
        expect to make the forecast capital investments noted above, we may <strike>adjust the timing and amounts of projected expenditures </strike><u>revise our plans</u> in response to changes in <u>economic and</u> capital market conditions.</div>
      <br>
    </div>
    &#160;
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><a name="From"></a>
      <div style="margin-bottom: 12pt;"><img src="image00001.jpg"></div>
      <div style="margin-bottom: 12pt;">
        <div><br>
        </div>
        <br>
        <div style="text-align: left;">Page 6<br>
        </div>
      </div>
      If you have questions regarding the foregoing responses, you may contact R. Daniel Boss at (713) 381-3955 or Christopher S. Wade, Esq. at (713) 381-4847, or the undersigned at (713) 495-4521.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 216pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Sincerely,</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 216pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>&#160; </u><u>/s/ David C. Buck &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;
          &#160; &#160; &#160; &#160; &#160; &#160;&#160;</u></div>
    <div style="text-align: justify; text-indent: 216pt; font-family: 'Times New Roman', serif; font-size: 12pt;">David C. Buck</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">cc:</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-family: 'Times New Roman', serif; font-size: 12pt;">W. Randall Fowler, Enterprise Products Partners L.P.</font></div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 12pt;">R. Daniel Boss, Enterprise Products Partners L.P.</div>
    <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Harry P. Weitzel, Esq., Enterprise Products Partners L.P.</div>
    <div style="text-align: justify;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Christopher S. Wade, Esq.,
        Enterprise Products Partners L.P.</font></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image0.jpg
<TEXT>
begin 644 image0.jpg
M_]C_X  02D9)1@ ! 0$ D "0  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" #K WD# 2(  A$! Q$!_\0
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MH **** "BBB@ HHHH **** "BBB@ HJ!KRU1BKW,*L#@@R $4GV^S_Y^X/\
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M#21M?MI]DV0+:R)C&/1F^\WXG'M7!$DDDG)/4FB@ )))).2>I-%%% !1110
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M8_\ L(1?^@O7RQ0 4444 %??]? %??\ 0 4444 %%%% !1110 4444 %%%%
M!1110!\4?$?_ )*5XC_["$W_ *$:Y>NH^(__ "4KQ'_V$)O_ $(UR] !1110
M 4444 %%%% !1110 4444 %%%% !1110!];_  *_Y)1IO_76?_T8U>D5YO\
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M4_X^_P"A<G_[^Q__ !5'_"G_ !]_T+D__?V/_P"*H X>BNX_X4_X^_Z%R?\
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M&-QP!D^IP /PIU !1110 4444 ?''Q@_Y*OK_P#UU3_T6E</7<?&#_DJ^O\
M_75/_1:5P] !1110![A^S7_R,.N?]>B?^AU]'U\X?LU_\C#KG_7HG_H=?1]
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MBBB@ HHHH ^*/B/_ ,E*\1_]A";_ -"-<O74?$?_ )*5XC_["$W_ *$:Y>@
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M@ HHHH **** "BBB@ HHHH ^./C!_P E7U__ *ZI_P"BTKAZ[CXP?\E7U_\
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M>C_!OQU_PA_BU;:\EVZ5J)6&XW'B-OX)/;!.#[$^@KSBB@#[_HKR[X(^.?\
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M0 4444 %%%% !1110 4444 %%%% !7C_ .T=_P D\T__ +"L?_HJ6O8*\?\
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MPHHHH **** /M?X<?\DU\.?]@^'_ -!%=17+_#C_ ))KX<_[!\/_ *"*ZB@
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M+I]G:W)O%17%QN^7:3C&"/6NW_X:1\2?] ;2ORD_^*KQ>B@#VC_AI'Q)_P!
M;2ORD_\ BJ/^&D?$G_0&TK\I/_BJ\7HH ]H_X:1\2?\ 0&TK\I/_ (JC_AI'
MQ)_T!M*_*3_XJO%Z* /:/^&D?$G_ $!M*_*3_P"*H_X:1\2?] ;2ORD_^*KQ
M>B@#VC_AI'Q)_P! ;2ORD_\ BJ/^&D?$G_0&TK\I/_BJ\7HH ]H_X:1\2?\
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M_P"AU]'U\X?LU_\ (PZY_P!>B?\ H=?1] !7'_%3_DE_B'_KT/\ ,5V%<?\
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MHH **** "BBB@ KZO^ 7_)+X/^ON;^8KY0KZO^ 7_)+X/^ON;^8H ]0HHHH
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M_P#"BO /_0+G_P# N3_XJC_A17@'_H%S_P#@7)_\57I%% 'F_P#PHKP#_P!
MN?\ \"Y/_BJ/^%%> ?\ H%S_ /@7)_\ %5Z110!YO_PHKP#_ - N?_P+D_\
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M /"BO /_ $"Y_P#P+D_^*H_X45X!_P"@7/\ ^!<G_P 57I%% 'F__"BO /\
MT"Y__ N3_P"*H_X45X!_Z!<__@7)_P#%5Z110!YO_P **\ _] N?_P "Y/\
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
G %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 ?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>image00001.jpg
<TEXT>
begin 644 image00001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
MVP!# 0<'!PH("A,*"A,H&A8:*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"@H
M*"@H*"@H*"@H*"@H*"@H*"@H*"@H*"C_P  1"  @ 'H# 2(  A$! Q$!_\0
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M X^8#L16E>?%SXS^!F2X\9:"D]CN 9[BS")]!)$=H/US]*ZW]B3_ )$77_\
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M5C5S7/\ D]"/_L*6_P#Z)2OJWP7X2T7P7HD>E>';)+6U4[FQR\C=V=CRQ_\
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KMN4N%<L6#LV>!T^84 >XVZ+';Q)&JHBH%55&  !P *DI$&U%'H,4M '_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
