|Enterprise Awards Pipeline Construction Contract for Lou-Tex NGL Pipeline|
HOUSTON--(BUSINESS WIRE)--May 18, 2000--Enterprise Products Partners L.P. (NYSE:EPD) announced today that it has awarded Sunland Construction, Inc. of Eunice, La. the contract for the construction of the Lou-Tex NGL Pipeline. The Lou-Tex NGL Pipeline is a 12", 206-mile natural gas liquids ("NGL") pipeline originating in Breaux Bridge, La., that will connect Enterprise's Louisiana natural gas liquid ("NGL") transportation and storage system with its Mont Belvieu, Texas, NGL and liquids complex.
The pipeline will have an initial capacity of 50,000 barrels per day, in batch mode, for the transportation of mixed NGLs and NGL products (ethane, propane, butane, isobutane and natural gasoline). The design for the pipeline allows for efficient expansion to over 100,000 barrels per day. Construction of the pipeline will begin immediately and is expected to be completed by the end of the third quarter of 2000.
Whomble Co. of Houston, Texas, and Bayou Pipe Coating of Iberia, La, were awarded the pipe coating contracts.
Enterprise Products Partners L.P. is one of the largest publicly traded master limited partnerships with an enterprise value of approximately $2.1 billion. Enterprise is a leading integrated provider of processing, fractionation, storage, transportation and terminalling services to producers and consumers of natural gas liquids ("NGLs") and other liquid hydrocarbons. The Company's assets are geographically focused on the United States' Gulf Coast, which accounts for approximately 55 percent of domestic NGL production and 75 percent of domestic NGL demand.
This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 based on the beliefs of the company, as well as assumptions made by, and information currently available to, management. Although Enterprise believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
CONTACT: Enterprise Products Partners L.P., Houston
Randy Fowler, 713/880-6694