Enterprise Products Partners L.P. was founded in 1968 and is based in Houston, Texas.Enterprise Products Partners is the leading player in the North American natural gas, natural gas liquids (NGL), and crude oil industries, with a range of processing, transportation, and storage services. Operations include natural gas processing, NGL fractionation, petrochemical services, and crude oil transportation. The hub of the company's business is Houston's Mont Belvieu refinery complex. In a major expansion move, in 2009 the company acquired rival TEPPCO Partners L.P. As a result, Enterprise has 48,000 miles of pipelines, and 200 million of crude of crude oil, refined products and NGL storage capacity. Chairman Dan Duncan holds a 34.5% stake in Enterprise.