Texas Express Pipeline Begins Operations

  Texas Express Pipeline Begins Operations

Business Wire

HOUSTON, DENVER & THE WOODLANDS, Texas -- October 31, 2013

Enterprise Products Partners L.P. (NYSE: EPD), Enbridge Energy Partners, L.P.,
(NYSE: EEP), Anadarko Petroleum Corporation (NYSE: APC) and DCP Midstream
Partners LP (NYSE: DPM) today announced the start of service on the Texas
Express natural gas liquids (“NGL”) pipeline from Skellytown, Texas to the NGL
fractionation and storage complex in Mont Belvieu, Texas. The Texas Express
Pipeline, operated by Enterprise, gives producers in West and Central Texas,
the Rocky Mountains, southern Oklahoma, the Mid-continent and the
Denver-Julesburg basin much-needed takeaway capacity for growing NGL volumes
and improved access to the largest NGL trading hub, located along the Gulf
Coast.

NGL volumes from the Rockies, Permian Basin and Mid-continent regions will be
transported to the Texas Express mainline through Enterprise’s Mid-America
Pipeline system between the Conway hub and its Hobbs facility in Gaines
County, Texas. NGL volumes from the Denver-Julesburg Basin will be transported
to the Texas Express mainline by the Front Range Pipeline (owned by a joint
venture comprised of Enterprise, Anadarko and DCP Midstream Partners, each
with a one-third interest), which is under construction and expected to be
in-service in the first quarter of 2014.

Supported by long-term contracts, the 583-mile pipeline has an initial
capacity of approximately 280,000 barrels per day (“BPD”) and can be readily
expanded to approximately 400,000 BPD. By providing greater access to domestic
NGLs, Texas Express will help ensure reliable supplies of natural gas-derived
feedstocks which offer a cost advantage compared to crude oil-based
derivatives.

Enterprise and Enbridge Energy Partners each hold a 35 percent interest in
Texas Express Pipeline LLC, with Anadarko having a 20 percent ownership
interest and DCP Midstream Partners owning the remaining 10 percent stake.

In addition to the start of operations on the pipeline, service has also begun
on two NGL gathering systems developed by Texas Express Gathering LLC, a
second joint venture comprised of Enterprise (45 percent ownership), Enbridge
Energy Partners (35 percent ownership) and Anadarko (20 percent ownership).
Enbridge Energy Partners serves as operator of the two gathering systems,
which link natural gas processing plants in the Anadarko/Granite Wash and
Central Texas/Barnett Shale production areas to the Texas Express Pipeline.

Enterprise Products Partners L.P. is one of the largest publicly traded
partnerships and a leading North American provider of midstream energy
services to producers and consumers of natural gas, NGLs, crude oil, refined
products and petrochemicals. Our services include: natural gas gathering,
treating, processing, transportation and storage; NGL transportation,
fractionation and storage; LPG import and export terminals; crude oil and
refined products transportation, storage and terminals; offshore production
platforms; petrochemical transportation and services; and a marine
transportation business that operates primarily on the United States inland
and Intracoastal Waterway systems and in the Gulf of Mexico. The partnership’s
assets include approximately 50,000 miles of onshore and offshore pipelines;
200 million barrels of storage capacity for NGLs, crude oil, refined products
and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.
Additional information regarding Enterprise can be found on its website,
www.enterpriseproducts.com.

Enbridge Energy Partners, L.P. owns and operates a diversified portfolio of
crude oil and natural gas transportation systems in the United States. Its
principal crude oil system is the largest transporter of growing oil
production from western Canada. The system's deliveries to refining centers
and connected carriers in the United States account for approximately 15
percent of total U.S. oil imports; while deliveries to Ontario, Canada satisfy
approximately 70 percent of refinery demand in that region. EEP's natural gas
gathering, treating, processing and transmission assets, which are principally
located onshore in the active U.S. Mid-Continent and Gulf Coast area, deliver
approximately 2.5 billion cubic feet of natural gas daily. Enbridge Energy
Management, L.L.C. (NYSE: EEQ) manages the business and affairs of EEP and its
sole asset is an approximate 17 percent interest in the EEP. Enbridge Energy
Company, Inc., an indirect wholly owned subsidiary of Enbridge Inc. of
Calgary, Alberta, (NYSE: ENB) (TSX: ENB) is the general partner and holds an
approximate 21 percent interest in EEP. Additional information is available at
www.enbridgeus.com.

Anadarko Petroleum Corporation’s mission is to deliver a competitive and
sustainable rate of return to shareholders by exploring for, acquiring and
developing oil and natural gas resources vital to the world’s health and
welfare. As of year-end 2012, the company had approximately 2.56 billion
barrels-equivalent of proved reserves, making it one of the world’s largest
independent exploration and production companies. For more information about
Anadarko and APC Flash Feed updates, please visit www.anadarko.com.

DCP Midstream Partners, LP is a midstream master limited partnership engaged
in the business of gathering, compressing, treating, processing, transporting,
storing and selling natural gas; producing, fractionating, transporting,
storing and selling NGLs and condensate; and transporting, storing and selling
propane in wholesale markets. DCP Midstream Partners, LP is managed by its
general partner, DCP Midstream GP, LP, which in turn is managed by its general
partner, DCP Midstream GP, LLC, or the General Partner, which is wholly-owned
by DCP Midstream, LLC, a joint venture between Phillips 66 and Spectra Energy.
For more information, visit the DCP Midstream Partners, LP website at
www.dcppartners.com.

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, Enbridge, Anadarko and DCP Midstream Partners
expect, believe or anticipate 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,
Enbridge, Anadarko and DCP Midstream Partners. 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, Enbridge, Anadarko and
DCP Midstream Partners do not intend to update or revise their forward-looking
statements, whether as a result of new information, future events or
otherwise.

Contact:

Enterprise
Randy Burkhalter, (713) 381-6812 or (866) 230-0745
Investor Relations
or
Rick Rainey, (713) 381-3635
Media Relations
or
Enbridge Energy Partners
Sanjay Lad, (866) 337-4636
Investor Relations
or
Terri Larson, (877) 496-8142
Media Relations
or
Anadarko
John Colglazier, (832) 636-2306
Investor Relations
or
John Christiansen, (832) 636-8736
Media Relations
or
DCP Midstream Partners
Lisa Newkirk, 303-605-1837
Media Relations
or
Andrea Attel, (303) 605-1741
Investor Relations
 
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