Energy Transfer Announces the Bakken Pipeline is in Service Transporting Domestic Crude Oil from the Bakken/Three Forks Production Areas

Transporting Crude From North Dakota to Multiple Major U.S. Markets
in a More Direct, Cost-effective, Safer and More Environmentally
Responsible Manner Than Either Rail or Truck

DALLAS–(BUSINESS WIRE)–Energy Transfer Partners, L.P. (NYSE: ETP) today announced that the
Dakota Access Pipeline (“Dakota Access”) and the Energy Transfer Crude
Oil Pipeline (“ETCO”), collectively the “Bakken Pipeline,” are in
commercial service under the Committed Transportation Service Agreements
through their respective pipeline systems. The Bakken Pipeline, owned by
Dakota Access, LLC and Energy Transfer Crude Oil Company LLC,
respectively, is a 1,872-mile, mostly 30-inch pipeline system that
transports domestically produced crude oil from the Bakken/Three Forks
productions areas in North Dakota to a storage and terminalling hub
outside Patoka, Illinois, and/or down to additional terminals in
Nederland, Texas. The Bakken Pipeline is a joint venture between Energy
Transfer Partners with a 38.25 percent interest, MarEn Bakken Company
LLC (“MarEn”) with a 36.75 percent interest, and Phillips 66 with a 25
percent interest. MarEn is an entity owned by MPLX LP and Enbridge
Energy Partners L.P.

Dakota Access and ETCO, developed at a combined cost of approximately
$4.78 billion have commitments, including shipper flexibility and
walk-up, for approximately 520,000 barrels per day. This is up from
470,000 barrels per day due to the successful Supplemental Open Season
held earlier this year that committed an additional 50,000 barrels per
day. The combined system is expandable to a capacity of approximately
570,000 barrels per day. The pipeline will transport light, sweet crude
oil from North Dakota to major refining markets in a more direct,
cost-effective, safer and more environmentally responsible manner than
other modes of transportation, including rail or truck.

The $3.8 billion Dakota Access consists of approximately 1,172 miles of
30-inch diameter pipeline traversing North Dakota, South Dakota, Iowa
and Illinois. Crude oil transported on Dakota Access originates at six
terminal locations in the North Dakota counties of Mountrail, Williams
and McKenzie. The pipeline delivers the crude oil to a hub outside of
Patoka, Illinois where it can be delivered to the ETCO pipeline for
delivery to the Gulf Coast, or can be transported via other pipelines to
refining markets throughout the Midwest. ETCO consists of more than 700
miles of mostly 30-inch converted natural gas pipeline from Patoka,
Illinois to Nederland, Texas, where the crude oil can be refined or
further transported to additional refining markets.

Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of complementary
natural gas midstream, intrastate and interstate transportation and
storage assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation; and various
acquisition and marketing assets. ETP’s general partner is owned by
Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. website at www.energytransfer.com.

Energy Transfer Equity, L.P. (NYSE: ETE) is a master limited
partnership that owns the general partner and 100% of the incentive
distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP)
and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company. On a
consolidated basis, ETE’s family of companies owns and operates a
diverse portfolio of natural gas, natural gas liquids, crude oil and
refined products assets, as well as retail and wholesale motor fuel
operations and LNG terminalling. For more information, visit the Energy
Transfer Equity, L.P. website at www.energytransfer.com.

Enbridge Energy Partners, L.P. (NYSE: EEP) owns and
operates a diversified portfolio of crude oil transportation systems in
the United States. Its principal crude oil system is the largest
pipeline transporter of growing oil production from western Canada and
the North Dakota Bakken formation. The system’s deliveries to refining
centers and connected carriers in the United States account for
approximately 23 percent of total U.S. oil imports.

MPLX LP (NYSE: MPLX) is a diversified, growth-oriented master
limited partnership formed in 2012 by Marathon Petroleum Corporation to
own, operate, develop and acquire midstream energy infrastructure
assets. We are engaged in the gathering, processing and transportation
of natural gas; the gathering, transportation, fractionation, storage
and marketing of NGLs; and the transportation, storage and distribution
of crude oil and refined petroleum products. Headquartered in Findlay,
Ohio, MPLX’s assets consist of a network of crude oil and products
pipeline assets located in the Midwest and Gulf Coast regions of the
United States; 62 light-product terminals with approximately 24 million
barrels of storage capacity; an inland marine business; storage caverns
with approximately 2.8 million barrels of storage capacity; crude oil
and product storage facilities (tank farms) with approximately 5 million
barrels of available storage capacity; a barge dock facility with
approximately 78,000 barrels per day of crude oil and product throughput
capacity; and gathering and processing assets that include more than
5,600 miles of gas gathering and NGL pipelines, 55 gas processing
plants, 14 NGL fractionation facilities and two condensate stabilization
facilities.

Phillips 66 (NYSE: PSX) is a diversified energy manufacturing and
logistics company. With a portfolio of Midstream, Chemicals, Refining,
and Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products globally. Phillips 66
Partners, the company’s master limited partnership, is an integral asset
in the portfolio. Headquartered in Houston, the company has 14,600
employees committed to safety and operating excellence. Phillips 66 had
$51 billion of assets as of March 31, 2017. For more information, visit www.phillips66.com
or follow us on Twitter @Phillips66Co.

Forward-Looking Statements

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 management’s
control. An extensive list of factors that can affect future results are
discussed in ETP’s Annual Reports on Form 10-K and other documents filed
from time to time with the Securities and Exchange Commission. ETP
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.

Contacts

Energy Transfer Partners, L.P.
Investor Relations:
Lyndsay
Hannah, 214-981-0795
or
Brent Ratliff, 214-981-0795
or
Helen
Ryoo, 214-981-0795
or
Media Relations:
Vicki Granado,
214-840-5820
or
Lisa Dillinger, 214-840-5820