Enterprise Begins Open Commitment Period for Texas Express Pipeline Capacity

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD), through its Texas Express Pipeline LLC (“Texas Express”) subsidiary, today announced the start of a binding open commitment period for available capacity on a new natural gas liquids (NGL) pipeline being developed by the company. The pipeline would originate from Skellytown, Texas in Carson County and extend approximately 580 miles to NGL fractionation and storage facilities in Mont Belvieu, Texas. The project is part of a recently announced joint venture that includes Enbridge Energy Partners, L.P. (NYSE: EEP), and Anadarko Petroleum (NYSE: APC).

The new Texas Express pipeline, in conjunction with the Mid-America Pipeline, will assist producers in West and Central Texas, the Rocky Mountains, Southern Oklahoma and the Mid-continent in maximizing the value of their natural gas production by providing additional takeaway capacity and enhanced access to the Gulf Coast NGL market. Initial capacity on Texas Express will be approximately 280,000 barrels per day (“BPD”), which can be readily expanded to approximately 400,000 BPD or more depending on shipper interest. The pipeline is expected to begin service in the second quarter of 2013.

“While the pipeline is anchored by long-term commitments, all interested parties will have an opportunity during the open commitment period to sign up for capacity on the system, which offers access to the largest domestic NGL market located along the Gulf Coast,” said A.J. “Jim” Teague, executive vice president and chief operating officer of Enterprise’s general partner. “Interest in the project has been very high. Producers find our project very appealing since it provides a lower-cost fee structure when compared to other announced projects. In addition, it gives them the opportunity to sculpt their volume commitments to match their production ramp-up while offering a one-time, future option to increase their volume commitment.”

The open commitment period will begin October 5, 2011 at 12 noon CDT and continues until 5 p.m. CST November 9, 2011. Additional details, including a Notice of Open Commitment and a Transportation Services Agreement form, will be distributed to shippers. Requests for additional information may be directed to Buford Barr at (713) 381-8354 or bbarr@eprod.com, as well as Bryan McFarland at (713) 381-2468 or bmcfarland@eprod.com.

Enterprise Products Partners L.P. is the largest publicly traded partnership and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Enterprise’s assets include approximately: 50,000 miles of onshore and offshore pipelines; 192 million barrels of storage capacity for NGLs, refined products and crude oil; and 27 billion cubic feet of natural gas storage capacity. Services include: natural gas transportation, gathering, processing and storage; NGL fractionation, transportation, storage, and import and export terminaling; crude oil and refined products storage, transportation and terminaling; offshore production platform; petrochemical transportation and storage; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico.

This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of such activities, events, developments or transactions, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition and other risk factors included in the reports filed with the Securities and Exchange Commission by Enterprise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.