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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)*
Enterprise Products Partners L.P.
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(Name of Issuer)
Common Units
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(Title of Class of Securities)
293792107
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(CUSIP Number)
Jose-Alberto Lima
President
Shell US Gas & Power LLC
1301 McKinney Street, Suite 700
Houston, TX 77010
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
December 29, 2004
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
/ /.
Check the following box if a fee is being paid with the statement / /.
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
SCHEDULE 13D
CUSIP NO. 293792107 Page 2 of 10 pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell US Gas & Power LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00(1)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 36,572,122
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
36,572,122
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,572,122
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.1%(2)
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14 TYPE OF REPORTING PERSON
OO(3)
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(1) The source of funds is the contribution of Shell US Gas & Power LLC interest
in Tejas Natural Gas Liquids, LLC.
(2) Based on 361,986,867 issued and outstanding Common Units as of November 4,
2004.
(3) Delaware Limited Liability Company
2
SCHEDULE 13D
CUSIP NO. 293792107 Page 3 of 10 pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell Oil Company
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 36,572,122
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
36,572,122
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,572,122
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.1%(1)
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14 TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(1) Based on 361,986,867 issued and outstanding Common Units as of November 4,
2004.
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SCHEDULE 13D
CUSIP NO. 293792107 Page 4 of 10 pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SWEPI LP
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 36,572,122
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
36,572,122
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,572,122
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.1%(1)
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14 TYPE OF REPORTING PERSON
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(1) Based on 361,986,867 issued and outstanding Common Units as of November 4,
2004.
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SCHEDULE 13D
CUSIP NO. 293792107 Page 5 of 10 pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell Gas Pipeline Corp. #2
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 36,572,122
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
36,572,122
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,572,122
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.1(1)
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14 TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(1) Based on 361,986,867 issued and outstanding Common Units as of November 4,
2004.
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SCHEDULE 13D
CUSIP NO. 293792107 Page 6 of 10 pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell Gas Gathering Corp. #2
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 36,572,122
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
36,572,122
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
36,572,122
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.1%(1)
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14 TYPE OF REPORTING PERSON
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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(1) Based on 361,986,867 issued and outstanding Common Units as of November 4,
2004.
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Page 7 of 10 pages
AMENDMENT NO. 4 TO SCHEDULE 13D
This Amendment No. 4 on Schedule 13D/A ("Amendment No. 4") to the Statement on
Schedule 13D ("Schedule 13D") is filed on behalf of each of (i) Shell US Gas &
Power LLC ("Shell Gas & Power") as the direct beneficial owner of Common Units
and (ii) by virtue of their respective direct holdings of securities of Shell
Gas & Power (as described below on this statement) by Shell Oil Company ("Shell
Oil"), SWEPI LP ("SWEPI"), Shell Gas Pipeline Corp. #2 ("Shell Pipeline"), and
Shell Gas Gathering Corp. #2 ("Shell Gathering") (collectively, the "Reporting
Entities"). Subsequent to Amendment No. 2 to this Schedule 13D, Shell Seahorse
Company ("Shell Seahorse") merged into Shell Pipeline, with Shell Pipeline as
the surviving entity.
This Amendment No. 4 is filed to reflect the sale on December 29, 2004 by Shell
Gas & Power of 4,427,878 Common Units representing limited partnership interests
to Kayne Anderson MLP Investment Company. Shell Gas & Power also granted Kayne
Anderson an option to acquire additional Common Units from Shell Gas & Power.
This option expires 90 days from December 29, 2004 (the "Anniversary Date"). The
number of Common Units that may be acquired by Kayne Anderson pursuant to this
option is that number of Common Units equal to the aggregate purchase price of
$50,000,000 divided by 0.935 times the average closing price of Common Units on
the New York Stock Exchange during a 20-trading day period terminating 5 trading
days prior to the Anniversary Date. Under certain circumstances, the reference
date for making this calculation may be deferred by an additional ten trading
days.
Unless otherwise indicated, each capitalized term used but not otherwise defined
herein shall have the meaning assigned to such term in the Schedule 13D.
Directors and executive officers of the Reporting Entities are listed on
Attachment 1 hereto. None of the Reporting Entities, nor any of their directors
or executive officers, have been, during the past five years, convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors), or
have been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
Item 1. Security and Issuer
No change to this item.
Item 2. Identity and Background
Paragraph 2 in subsection (a) of this Item is deleted in its entirety
and replaced with the following:
Shell Gas & Power is the beneficial holder of approximately
10.1% of the outstanding Common Units of the Issuer. Shell Oil, SWEPI,
Shell Pipeline and Shell Gathering are the holders of 100% of the
common membership interests, and approximately 2.33%, 17.14%, 64.15%
and 16.38%, respectively, of the total ownership interests, in Shell
Gas & Power. Each of SWEPI, Shell Pipeline and Shell Gathering is an
indirect, wholly owned subsidiary of Shell Oil. Together, Shell Oil,
SWEPI, Shell Pipeline and Shell Gathering may be deemed to control
Shell Gas & Power.
Item 3. Source and Amount of Funds or Other Consideration
No change to this Item
Item 4. Purpose of Transaction
No change to this item.
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Page 8 of 10 pages
Item 5. Interest in Securities of the Issuer
Paragraphs (a) and (c) of this Item are hereby deleted in their
entirety and replaced with the following:
(a) There were 361,986,867 Common Units outstanding as of
November 4, 2004. The Reporting Entities are deemed to be the
beneficial owners of 36,572,122 Common Units. The Common Units
represent 10.1% of the outstanding Common Units, and a 9.9% equity
interest in the Issuer after taking into account the 2% equity interest
held by the Issuer's general partner.
(c) None of the Reporting Entities, nor, to the best of their
knowledge, any person listed on Schedule 1 hereto, has effected any
transactions in the Common Units during the past 60 days.
Item 6. Contracts, Arrangements, Understandings or Relationships with respect to
Securities of the Issuer
An additional paragraph is added to this Item as follows:
In connection with the sale of Common Units by Shell Gas &
Power to Kayne Anderson on December 29, 2004, Shell Gas & Power and
Kayne Anderson entered into a Common Unit Purchase Agreement dated
December 28, 2004 (the "Common Unit Purchase Agreement"), and a
Registration Rights Assignment Agreement dated December 29, 2004 (the
"Assignment Agreement"). In addition, Kayne Anderson entered into a
Counterpart to the Registration Rights Agreement.
Item 7. Material to be filed as Exhibits.
*Exhibit A - Agreement re Joint Filing of Schedule 13D
*Exhibit B - Contribution Agreement
*Exhibit C - Unitholder Rights Agreement
*Exhibit D - Enterprise Partners Amended Partnership Agreement
*Exhibit E - Registration Rights Agreement
*Exhibit F - Press release issued September 15, 2003 by Shell Gas & Power
*Exhibit G - Press release issued September 15, 2003 by the Issuer,
incorporated by reference from Exhibit 99.1 to the Current Report
on Form 8-K filed by Enterprise Products Partners L.P. on
September 15, 2003
*Exhibit H - Amendment No. 1 to Unitholder Rights Agreement, incorporated by
reference from Exhibit 4.1 to the Current Report on Form 8-K filed
by Enterprise Products Partners L.P. on September 15, 2003
Exhibit I - Common Unit Purchase Agreement
Exhibit J - Assignment Agreement
---------
* previously filed
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Page 9 of 10 pages
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Date: December 30, 2004
SHELL US GAS & POWER LLC
By: LEE.B.D. STREBEL
Name: Lee B.D. Strebel
Title: Vice President
SHELL OIL COMPANY
By: ANNE-MARIE ROY
Name: Anne-Marie Roy
Title: Assistant Secretary
SWEPI LP
By: ANNE-MARIE ROY
Name: Anne-Marie Roy
Title: Assistant Secretary
SHELL GAS PIPELINE CORP.#2
By: ANNE-MARIE ROY
Name: Anne-Marie Roy
Title: Assistant Secretary
SHELL GAS GATHERING CORP.#2
By: ANNE-MARIE ROY
Name: Anne-Marie Roy
Title: Assistant Secretary
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Page 10 of 10 pages
INDEX TO EXHIBITS
*Exhibit A Agreement of Joint Filing
*Exhibit B Contribution Agreement
*Exhibit C Unitholder Rights Agreement
*Exhibit D Enterprise Partners Amended Partnership Agreement
*Exhibit E Registration Rights Agreement
*Exhibit F - Press release issued September 15, 2003 by Shell Gas & Power
*Exhibit G - Press release issued September 15, 2003 by the Issuer, incorporated
by reference from Exhibit 99.1 to the Current Report on Form 8-K
filed by Enterprise Products Partners L.P. on September 15, 2003
*Exhibit H - Amendment No. 1 to Unitholder Rights Agreement, incorporated by
reference from Exhibit 4.1 to the Current Report on Form 8-K filed
by Enterprise Products Partners L.P. on September 15, 2003
Exhibit I - Common Unit Purchase Agreement
Exhibit J - Assignment Agreement
---------
* previously filed
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ATTACHMENT 1
DIRECTORS AND EXECUTIVE OFFICERS
SHELL US GAS AND POWER LLC
SHELL GAS PIPELINE CORP.
NAME AND BUSINESS ADDRESS CITIZENSHIP POSITION
Jose Alberto-Lima Brazil Director
1301 McKinney Street President
Houston, Texas 77010
J.V. Cramer U.S.A. Director
1301 McKinney Street VP Finance
Houston, Texas 77010
L.B.D. Strebel U.S.A. Director
1301 McKinney Street VP Portfolio
Houston, Texas 77010 Management
SHELL OIL COMPANY
NAME AND BUSINESS ADDRESS CITIZENSHIP POSITION
L.L. Elsenhans U.S.A. Director
910 Louisiana Street President
Houston, Texas 77002
R. J. Decyk U.S.A. Director
910 Louisiana Street Sr. Vice President
Houston, Texas 77002 Corporate Affairs
and Human Resources
G.M. Cowan UK Director
910 Louisiana Street CFO, Vice
Houston, Texas 77002 President,
Finance
C. A. Lamboley U.S.A. Director, Sr. Vice
910 Louisiana Street President, Legal
Houston, Texas 77002 General Counsel
Corp. Secretary
T. T. Coles U.S.A. Vice President,
910 Louisiana Street Tax
Houston, Texas 77002
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SWEPI LP
NAME AND BUSINESS ADDRESS CITIZENSHIP POSITION
W.D. Purvis U.S.A. Director
200 N. Dairy Ashford President
Houston, Texas 77479
J.C. Rambousek U.S.A. Director
200 N. Dairy Ashford
Houston, Texas 77479
W. T. Mooney U.S.A. Director
910 Louisiana Street Vice-President,
Houston, Texas 77002 Tax
SHELL GAS GATHERING CORP. #2
NAME AND BUSINESS ADDRESS CITIZENSHIP POSITION
Jose Alberto-Lima Brazil Director
1301 McKinney Street President
Houston, Texas 77010
L.B.D. Strebel U.S.A. Director
1301 McKinney Street
Houston, Texas 77010
D.V. Krenz U.S.A. President
1301 McKinney Street
Houston, Texas 77010
J.V. Cramer U.S.A. Vice President
1301 McKinney Street Finance
Houston, Texas 77010
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