ENERGY TRANSFER PARTNERS CONTINUES EXPANSION MOMENTUM WITH COMPLETION OF TWO NORTH TEXAS PIPELINE
Dallas, Texas — August 5, 2008 — Energy Transfer Partners, L.P. (NYSE:ETP) announced today the completion of two North Texas natural gas pipeline projects, the 135-mile, 36-inch Paris Loop pipeline and the 25-mile, 36-inch Maypearl to Malone pipeline. These new pipelines boost the Partnership’s transportation capacity out of the Barnett Shale producing region to more than 3.5 billion cubic feet per day.
The 135-mile Paris Loop pipeline originates near Eagle Mountain Lake in Northwest Tarrant County, Texas and connects to the Partnership’s Houston Pipe Line system near Paris, Texas. It immediately provides customers with more than 400 million cubic feet per day of much needed capacity out of the Barnett Shale and is expected to accommodate 900 million cubic feet per day by the end of the first quarter 2009.
The 36-inch Maypearl to Malone pipeline extends from the Partnership’s systems near Maypearl, Texas to its 42-inch pipeline near Malone, Texas. The expansion links an additional 600 million cubic feet per day of capacity out of the Barnett Shale to major markets currently accessed by the Partnership’s extensive pipeline network.
“As the largest transporter of natural gas out of the Barnett Shale, we’re excited to continue the forward momentum of transportation services in Texas as well as in other producing areas with growth opportunity,” said Roy Patton, Senior Vice President of Energy Transfer Partners. “The Paris Loop and Maypearl to Malone pipelines allow natural gas producers and shippers access to a wide range of markets and further demonstrate the Partnership’s efforts to stay ahead of the rapidly expanding production in the Barnett Shale.”
The completion of the Paris Loop and Maypearl to Malone natural gas pipelines is an integral part of the Partnership’s overall expansion efforts. The Partnership plans to bring online more than 700 miles of natural gas pipelines in 2008, with more than 500 miles of pipeline expected to be completed in Texas alone. Projects expected to come online later this year include the Southern Shale, Cleburne to Tolar, the Carthage Loop and the Katy Loop pipelines in Texas, and the Phoenix Expansion in Arizona.
Energy Transfer Partners, L.P. (NYSE:ETP) is a publicly traded partnership owning and operating a diversified portfolio of energy assets. ETP has pipeline operations in Arizona, Colorado, Louisiana, New Mexico and Utah, and owns the largest intrastate pipeline system in Texas. ETP’s natural gas operations include intrastate natural gas gathering and transportation pipelines, natural gas treating and processing assets and three natural gas storage facilities located in Texas. These assets include approximately 14,450 miles of intrastate pipeline in service, with approximately 350 miles of intrastate pipeline under construction, and 2,400 miles of interstate pipeline. ETP is also one of the three largest retail marketers of propane in the United States, serving more than one million customers across the country.
Energy Transfer Equity, L.P. (NYSE:ETE) owns the general partner of Energy Transfer Partners and approximately 62.5 million ETP limited partners units.
The information contained in this press release is available on our website at: www.energytransfer.com.
Contacts:
Investor Relations:
Brent Ratliff
Energy Transfer
214-981-0700 (office)
Media Relations:
Vicki Granado
Gittins & Granado
214-504-2260 (office)
214-498-9272 (cell)
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