Dan Duncan
| Dan Duncan | |
|---|---|
 |
|
| Born |
January 2, 1933 Shelby County, Texas |
| Died | March 28, 2010 (aged 77) River Oaks, Houston |
| Known for | co-founder, chairman and majority shareholder of Enterprise Products |
| Spouse(s) | Jan Ellis |
| Children |
Randa Duncan Williams Milane Duncan Frantz Dannine Duncan Avara Scott Duncan |
| Awards | Petrochemical Heritage Award |
Dan L. Duncan (January 2, 1933 – March 28, 2010) was an American born in Center, Texas. He was the co-founder, chairman and majority shareholder of Enterprise Products.
Duncan was born in 1933 in rural Shelby County, Texas. His father was a farmer. His mother died of tuberculosis when he was seven and his brother died of blood poisoning in the same year. He lived with his grandmother until he graduated from Shelbyville High School. He joined his father as a pipeliner and roughneck in the oil and gas fields. Soon after his father also died of leukemia. Duncan served in the U.S. Army during the Korean War and when he returned in 1955, using the G.I. Bill, he studied business, finance and accounting at Massey Business College in Houston while also working at the U.S. Post Office.
In 1957, he went to work for Wanda Petroleum, a midstream pipeline company In 1968, he left Wanda, and with $10,000 and two propane delivery trucks, helped found Enterprise Products Co. In 1998, he took Enterprise Products Partners LP public. In 2010, Enterprise owned over 48,700 miles of onshore and offshore pipelines and nearly 220 million barrel equivalents of natural gas and natural gas liquids of storage capacity. He also headed mid-stream energy firms Duncan Energy Partners LP (NYSE: DEP) and Enterprise GP Holdings LP (NYSE: EPE). In 2007, he received the Petrochemical Heritage Award in recognition of his work.
Duncan donated $75 million to Texas Children's Hospital and the Houston Museum of Natural Science, as well as $135 million to Baylor College of Medicine. Duncan donated a sculpture by Jean Dubuffet named "Monument au Fantóme" to Discovery Green Park near the George R. Brown Convention Center.
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