Page 1 of 10 pages
OMB APPROVAL
OMB Number: 3235-0145
Expires: December 31, 2005
Estimated average burden
hours per response 11.00
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
Enterprise Products Partners L.P.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Units
--------------------------------------------------------------------------------
(Title of Class of Securities)
293792107
--------------------------------------------------------------------------------
(CUSIP Number)
Augustus Y. Noojin, III
President
Shell US Gas & Power LLC
1301 McKinney Street, Suite 700
Houston, TX 77010
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 15, 2003
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell US Gas & Power LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00(1)
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 41,000,000
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
41,000,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,000,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.36%(2)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO(3)
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------
(1) The source of funds is the contribution of Shell US Gas & Power LLC interest
in Tejas Natural Gas Liquids, LLC.
(2) Based on 211,768,371 issued and outstanding Common Units as of September 10,
2003.
(3) Delaware Limited Liability Company
SCHEDULE 13D
CUSIP NO. 293792107 Page 3 of 10 pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell Oil Company
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 41,000,000
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
41,000,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,000,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.36%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------
(1) Based on 211,768,371 issued and outstanding Common Units as of September 10,
2003.
SCHEDULE 13D
CUSIP NO. 293792107 Page 4 of 10 pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SWEPI LP
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 41,000,000
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
41,000,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,000,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.36%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------
(1) Based on 211,768,371 issued and outstanding Common Units as of September 10,
2003.
SCHEDULE 13D
CUSIP NO. 293792107 Page 5 of 10 pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell Gas Pipeline Corp. #2
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 41,000,000
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
41,000,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,000,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.36%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
(1) Based on 211,768,371 issued and outstanding Common Units as of September 10,
2003.
SCHEDULE 13D
CUSIP NO. 293792107 Page 6 of 10 pages
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell Gas Gathering Corp. #2
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) OR 2(e) [ ]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
-0-
NUMBER OF -----------------------------------------------------
SHARES
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 41,000,000
EACH -----------------------------------------------------
REPORTING
PERSON 9 SOLE DISPOSITIVE POWER
WITH -0-
-----------------------------------------------------
10 SHARED DISPOSITIVE POWER
41,000,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,000,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.36%(1)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
----------
(1) Based on 211,768,371 issued and outstanding Common Units as of September 10,
2003.
Page 7 of 10 pages
AMENDMENT NO. 3 TO SCHEDULE 13D
This Amendment No. 3 on Schedule 13D/A ("Amendment No. 3") 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. 3 is filed to reflect certain changes to the Unitholder
Rights Agreement, as well as the two-for-one split of the securities of the
Issuer on May 15, 2002 and the conversion of all Special Units into Common
Units.
Unless otherwise indicated, each capitalized term used but not otherwise defined
herein shall have the meaning assigned to such term in the Schedule 13D.
Item 1. Security and Issuer
An additional paragraph is added to this Item as follows:
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.
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
19.36% 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
An additional paragraph is added to this Item as follows:
On September 15, 2003, both Shell Gas & Power and the Issuer
filed press releases that described the sale by Shell Gas & Power of
its 30% interest in the limited liability company that is the general
partner of the Issuer. Shell Gas & Power sold its interest to an entity
controlled by Dan L. Duncan, who now controls 100% of the membership
interests in the general partner. The Reporting Entities did not sell
any of their Common Units. The press releases are attached as exhibits
and incorporated into this Item. The Reporting Entities intend to
reduce their holdings in the Common Units on an orderly schedule over a
period of years, taking into account market conditions. The Reporting
Entities do not at this time have a schedule for, and have not made any
determination as to the timing or amounts of, any dispositions.
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) On May 15, 2002, the Issuer effected a two-for-one split
of its securities. On August 1, 2003, all Subordinated Units and
Special Units converted into Common Units. There were 211,768,371
Common Units outstanding as of September 10, 2003. The Reporting
Entities are deemed to be the beneficial owners of 41,000,000 Common
Units. The Common Units represent 19.36% of the outstanding Common
Units, and a 18.97% equity interest in the Issuer after taking into
account the 2% equity interest held by the Issuer's general partner.
(c) Except for the conversion of all Subordinated and Special
Units into Common Units, none of the Reporting Entities, nor, to the
best of their knowledge, any person listed on Appendix A 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 Shell's interest in the general
partner, the Unitholder Rights Agreement was amended to, among other
things, eliminate the rights of Shell Gas & Power to participate in the
policy-making functions of the Issuer and eliminate certain preemptive
rights of Shell Gas & Power. The amendment is attached as an exhibit.
In connection with the amendment, the three designees of Shell Gas &
Power who have been serving on the Board of Directors of the general
partner of the Issuer resigned on September 12, 2003.
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
----------
* previously filed
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: September 15, 2003
SHELL US GAS & POWER LLC
By: /AUGUSTUS Y. NOOJIN/
--------------------------------
Name: Augustus Y. Noojin, III
Title: President
SHELL OIL COMPANY
By: /AUGUSTUS Y. NOOJIN/
--------------------------------
Name: Augustus Y. Noojin, III
Title: Attorney-in-Fact
SWEPI LP
By: /AUGUSTUS Y. NOOJIN/
--------------------------------
Name: Augustus Y. Noojin, III
Title: Attorney-in-Fact
SHELL GAS PIPELINE CORP.#2
By: /AUGUSTUS Y. NOOJIN/
--------------------------------
Name: Augustus Y. Noojin, III
Title: President
SHELL GAS GATHERING CORP.#2
By: /AUGUSTUS Y. NOOJIN/
--------------------------------
Name: Augustus Y. Noojin, III
Title: President
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
----------
* previously filed