Enterprise Products Partners Signs Long-Term Agreements to Provide Midstream Services in the Eagle Ford Shale

October 25, 2010

HOUSTON, Oct 25, 2010 (BUSINESS WIRE) --

Enterprise Products Partners L.P. (NYSE:EPD) today announced certain of its subsidiaries have entered into 10-year agreements with each of Pioneer Natural Resources USA, Inc. (NYSE:PXD), Reliance Eagleford Upstream Holding LP and Newpek, LLC (collectively, the "Pioneer JV") under which Enterprise will provide a full scope of midstream energy services to handle liquid-rich natural gas and crude oil production from the Pioneer JV's acreage in the Eagle Ford Shale play in South . The agreements cover a significant portion of the Pioneer JV's expected Eagle Ford Shale production, including commitments for firm natural gas transportation, natural gas processing, natural gas liquid (NGL) fractionation and transportation services and crude oil marketing.

"We look forward to putting our experience and assets to work for Pioneer and its partners, who we believe hold one of the most attractive NGL-rich natural gas and crude oil acreage positions in the Eagle Ford Shale," said Michael A. Creel, Enterprise President and Chief Executive Officer. "The flexibility of our existing integrated network, combined with new options that will be available with our assets currently under construction, has positioned Enterprise to provide a tailored solution for meeting the crude oil, natural gas and NGL infrastructure needs of producers in the Eagle Ford Shale."

The Pioneer JV's NGL-rich natural gas will initially be processed using Enterprise's existing U.S. Gulf Coast facilities until it can be processed at Enterprise's previously announced natural gas processing plant that is under development in South Texas. This cryogenic facility is designed for an initial capacity of 600 million cubic feet per day (MMcf/d) and initially will have the capability to extract as much as 60,000 barrels per day (BPD) of NGLs. Completion of this processing plant is expected early in 2012.

The Pioneer JV's NGL production will ultimately be transported on Enterprise's new 127-mile NGL pipeline that will extend from the new natural gas processing plant to Enterprise's complex at Mont Belvieu, Texas. The new NGL pipeline will have an initial capacity of more than 60,000 BPD, which can be readily expandable to over 120,000 BPD, and is also scheduled for completion in early 2012. To accommodate the additional NGLs, Enterprise has announced the construction of a fifth NGL fractionation train at its Mont Belvieu facility. The new 75,000 BPD NGL fractionator is scheduled to be in service in early 2012. In addition, Enterprise's fourth NGL fractionation train, which also has a capacity of 75,000 BPD, is scheduled to begin operations by the end of 2010. The addition of these two new fractionation units will increase Enterprise's total NGL fractionation capacity at Mont Belvieu to approximately 380,000 BPD.

As part of the crude oil agreements, Enterprise will construct approximately 100 miles of supply laterals that will deliver crude oil production from the Pioneer JV into the new 140-mile pipeline Enterprise announced earlier this year.

The Pioneer JV's producing area in the Eagle Ford Shale currently covers over 300,000 gross acres in McMullen, Atascosa, Live Oak, Bee, Karnes and DeWitt counties. The gathering lines required to link the producing wells to Enterprise's midstream assets will be provided by EFS Midstream LLC, a joint venture between Pioneer and Reliance. The agreements with Pioneer and its JV partners marks the fourth major midstream deal Enterprise has executed with Eagle Ford producers in the past year.

Activity in the Eagle Ford Shale continues to increase with approximately 100 rigs currently working in the play which have drilled nearly 175 wells. Current production from the play is approximately 300 MMcf/d of natural gas and 40,000 BPD of crude oil and condensate.

Enterprise Products Partners L.P. is the largest publicly traded partnership and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Enterprise's assets include: 49,100 miles of onshore and offshore pipelines; approximately 195 million barrels of storage capacity for NGLs, refined products and crude oil; and 27 billion cubic feet of natural gas storage capacity. Services include: natural gas transportation, gathering, processing and storage; NGL fractionation, transportation, storage, and import and export terminaling; crude oil and refined products storage, transportation and terminaling; offshore production platform; petrochemical transportation and storage; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico. For additional information, visit www.epplp.com. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE). For more information on Enterprise GP Holdings L.P. visit www.enterprisegp.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 or developments or transactions that Enterprise expects, believes or anticipates 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.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. SOURCE: Enterprise Products Partners L.P.

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