Enterprise to Convert NGL Pipeline from Permian Basin to Crude Oil Service

HOUSTON–(BUSINESS WIRE)–Enterprise Products Partners L.P. (NYSE: EPD) today announced plans to
convert one of its natural gas liquids (“NGL”) pipelines that transports
NGLs from the Permian Basin to the Texas Gulf Coast to crude oil
service. The conversion is expected to be completed in the first half of
2020. This pipeline conversion would provide the partnership with total
crude oil pipeline capacity of over 650,000 barrels per day (“BPD”) from
the Permian Basin to Enterprise’s crude oil hub in the Houston area.

Enterprise has three existing NGL pipelines that stretch from the
Permian Basin to the Texas Gulf Coast: the Seminole Blue, Seminole Red
and Chaparral. The Shin Oak NGL pipeline, which is currently under
construction, will be the partnership’s fourth NGL pipeline from the
Permian Basin to the Texas Gulf Coast. The Shin Oak pipeline is expected
to be in service in the second quarter of 2019. The completion of the
Shin Oak pipeline provides Enterprise the flexibility to divert NGL
volumes from at least one of its existing NGL pipelines onto Shin Oak
and repurpose the vacated NGL pipeline to crude oil service. Enterprise
is currently evaluating which NGL pipeline(s) to repurpose.

“We have had strong demand for crude oil transportation, storage and
marine terminal services for crude oil production from the Permian
Basin,” said A.J. “Jim” Teague, chief executive officer of the general
partner of Enterprise. “This repurposing of an NGL pipeline to crude oil
service is another example of our system flexibility and the innovation
of our employees to respond to customer needs while increasing the
distributable cash flow and value of our partnership.”

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, storage and import and export terminals;
crude oil gathering, transportation, storage and terminals;
petrochemical and refined products transportation, storage and
terminals; and a marine transportation business that operates primarily
on the United States inland and Intracoastal Waterway systems. The
partnership’s assets include approximately 50,000 miles of pipelines;
260 million barrels of storage capacity for NGLs, crude oil, refined
products and petrochemicals; and 14 billion cubic feet of natural gas
storage capacity.

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 and its general
partner expect, believe or anticipate will or may occur in the future
are forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially from expectations, 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 Enterprise’s reports filed with the Securities and
Exchange Commission. 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 does not intend to update or
revise its forward-looking statements, whether as a result of new
information, future events or otherwise.

Contacts

Enterprise Products Partners L.P.
Randy Burkhalter, (713)
381-6812 or (866) 230-0745
Investor Relations
or
Rick
Rainey, (713) 381-3635
Media Relations