Energy Transfer Partners and Regency Energy Partners Announce Second Fractionator Now in Service at Lone Star NGL’s Mont

  Energy Transfer Partners and Regency Energy Partners Announce Second
  Fractionator Now in Service at Lone Star NGL’s Mont Belvieu Facility

   Brings Lone Star’s Total Capacity at Facility to 200,000 Barrels Per Day

Business Wire

DALLAS -- November 1, 2013

Energy Transfer Partners, L.P. (NYSE:ETP) and Regency Energy Partners LP
(NYSE:RGP) announced today that Lone Star NGL LLC (“Lone Star”), a joint
venture between ETP and RGP, has placed in service the second natural gas
liquids (NGL) fractionator at Lone Star’s facility in Mont Belvieu, Texas.
Lone Star Frac II is a 100,000 barrel-per-day fractionator that brings Lone
Star’s total fractionation capacity at Mont Belvieu to 200,000 barrels per
day.

Lone Star’s Mont Belvieu fractionators receive NGLs from several sources,
including Lone Star’s west Texas NGL pipelines and ETP’s Justice NGL pipeline.
Volumes transported on Lone Star’s pipeline system and the ETP Justice
pipeline continue to ramp up as shippers under long-term agreements with Lone
Star and ETP increase their production from the Permian Basin, Eagle Ford
Shale, and other producing regions.

The completion of the second fractionator capitalizes on ETP’s and RGP’s
growing footprint in prolific producing regions, creating synergistic value
and opportunities for new organic growth. As the fractionator volumes continue
to ramp up, additional value will be captured through the export of butane,
ethane and propane to meet international demand. Therefore, this project
serves as another step in continuing the partnerships’ objective to increase
unitholder value, and strategically enhance long-term sustainability and
growth.

“The startup of Frac II is 10 weeks ahead of schedule and under budget, which
underscores our ability to efficiently execute large-scale NGL projects,” said
Steve Spaulding, Executive Vice President of Lone Star NGL. “The increased
fractionation capacity will increase the supply of purity NGL products for our
downstream customers through our storage facilities, Houston Ship Channel
pipelines, and our recently announced LPG export terminal with Sunoco
Logistics.”

“We continue to evaluate opportunities to add fractionation capabilities at
Mont Belvieu. Earlier this year, we filed an air permit to construct a third
fractionator at the site to ensure we are positioned to meet the critical
needs of producers as production in the Permian Basin and the Eagle Ford
continues to increase,” Mr. Spaulding added.

Lone Star NGL LLC (Lone Star), a joint venture between Energy Transfer
Partners, L.P. (NYSE:ETP) and Regency Energy Partners LP (NYSE:RGP), owns and
operates natural gas liquids storage, fractionation, and transportation assets
in Texas, Louisiana, and Mississippi. Lone Star's assets include approximately
1,640 miles of natural gas liquids pipelines and 43 million barrels of storage
capacity at Mont Belvieu, Texas. ETP owns and operates a diversified portfolio
of energy assets, including approximately 24,000 miles of natural gas
pipelines and related facilities that gather, treat, process, transport and
store natural gas. RGP provides midstream natural gas and natural gas liquids
gathering and processing, contract compression, treating and transportation
through more than 5,250 miles of gas gathering pipelines and related
facilities. Energy Transfer Equity, L.P. (NYSE:ETE) owns the general partner
of both ETP and RGP.

Energy Transfer Partners, L.P. (NYSE:ETP) is a master limited partnership
owning and operating one of the largest and most diversified portfolios of
energy assets in the United States. ETP currently owns and operates
approximately 43,000 miles of natural gas, natural gas liquids, refined
products, and crude oil pipelines. ETP owns 100% of ETP Holdco Corporation,
which owns Southern Union Company and Sunoco, Inc., and a 70% interest in Lone
Star NGL LLC, a joint venture that owns and operates natural gas liquids
storage, fractionation and transportation assets. ETP also owns the general
partner, 100% of the incentive distribution rights, and approximately 33.5
million common units in Sunoco Logistics Partners L.P. (NYSE: SXL), which
operates a geographically diverse portfolio of crude oil and refined products
pipelines, terminalling and crude oil acquisition and marketing assets. ETP’s
general partner is owned by ETE. For more information, visit the Energy
Transfer Partners, L.P. web site at www.energytransfer.com.

Regency Energy Partners LP (NYSE:RGP) is a growth-oriented, midstream energy
partnership engaged in the gathering and processing, contract compression,
treating and transportation of natural gas and the transportation,
fractionation and storage of natural gas liquids. RGP also holds a 30%
interest in Lone Star NGL LLC, a joint venture that owns and operates natural
gas liquids storage, fractionation, and transportation assets in Texas,
Louisiana and Mississippi. Regency’s general partner is owned by Energy
Transfer Equity, L.P. (NYSE:ETE). For more information, visit the Regency
Energy Partners LP website atwww.regencyenergy.com.

This press release may include certain statements concerning expectations for
the future that are forward-looking statements as defined by federal law. Such
forward-looking statements are subject to a variety of known and unknown
risks, uncertainties, and other factors that are difficult to predict and many
of which are beyond managements' control. An extensive list of factors that
can affect future results are discussed in ETP's and RGP's Annual Reports on
Form 10-K and other documents filed from time to time with the Securities and
Exchange Commission. ETP and RGP undertake no obligation to update or revise
any forward-looking statement to reflect new information or events.

The information contained in this press release is available on the Energy
Transfer Partners, L.P. website at www.energytransfer.com or on the Regency
Energy Partners LP website at www.regencyenergy.com.

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Contact:

Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
Vice President, Investor Relations
or
Regency Energy Partners
Lyndsay Hannah, 214-840-5477
Manager, Finance & Investor Relations
or
Media Relations:
Granado Communications Group
Vicki Granado, 214-599-8785
Cell: 214-498-9272
 
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