|Enterprise Accepting Indications of Interest from Shippers for Firm Transportation on New Sherman Extension Pipeline and Assignments of Enterprise's Firm Transportation Rights on Boardwalk's Gulf Crossing Expansion|
HOUSTON--(BUSINESS WIRE)--Nov. 17, 2006--Enterprise Products Partners L.P. (NYSE:EPD) today announced that its affiliate, Enterprise Texas Pipeline L.P., began accepting indications of interest from potential shippers for firm, long-term transportation capacity on its recently announced Sherman Extension intrastate pipeline. The 30 and 36-inch diameter Sherman Extension will be a new 178-mile pipeline that will provide up to 1.1 billion cubic feet per day of takeaway capacity for natural gas production in the growing Barnett Shale area of North Texas to an interconnect with Boardwalk Pipeline Partners L.P.'s (NYSE:BWP) recently announced 42-inch Gulf Crossing Expansion Project. In addition, through Enterprise's existing Texas intrastate pipeline system, the Sherman Extension will provide potential shippers in East Texas and the Waha area of West Texas with access to the higher value markets offered through Boardwalk's Gulf Crossing Expansion Project. The Gulf Crossing Expansion Project will provide export capacity from the terminus of the Sherman Extension to multiple delivery points in Louisiana, Mississippi and Alabama, offering access to attractive markets in the Northeast and Southeast United States.
Additionally, Enterprise Gas Marketing L.P., through its "Foundation Shipper" status in the Gulf Crossing Expansion Project, is also accepting indications of interest for the assignment of its firm, long-term transportation capacity on the Gulf Crossing Expansion Project to those potential shippers desiring to have transportation rights on both Enterprise Texas Pipeline L.P.'s Sherman Extension and Boardwalk's Gulf Crossing Expansion Project.
Any firm transportation inquiries regarding Enterprise's Sherman Extension and assignments of firm transportation of Enterprise's capacity on the Gulf Crossing Expansion Project should be directed to Mark Pyburn at 713-803-7883 or firstname.lastname@example.org, or Rockey Storie at 713-803-7884 or email@example.com. Boardwalk also announced today that it began conducting an open season for firm transportation capacity exclusively on the Gulf Crossing Expansion Project.
Enterprise Products Partners L.P. is one of the largest publicly traded energy partnerships with an enterprise value of over $17 billion, and is a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil and petrochemicals. Enterprise transports natural gas, NGLs and crude oil through more than 34,000 miles of onshore and offshore pipelines.
Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation, offshore production platform services and petrochemical pipeline and services. For more information, visit Enterprise on the web at www.epplp.com. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP, LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE), one of the nation's largest publicly traded GP partnerships with an enterprise value of approximately $3 billion. For more information on Enterprise GP Holdings L.P., visit its website at www.enterprisegp.com.
CONTACT: Enterprise Products Partners L.P., Houston
SOURCE: Enterprise Products Partners L.P.