Enterprise & Energy Transfer To Restart Old Ocean Pipeline

Enterprise Products Partners L.P. EPD and Energy Transfer Partners, L.P. ETP have formed a joint venture to restart operations in the Old Ocean natural gas pipeline.

The 24-inch diameter pipeline has been inactive since 2012. It is expected to resume operations from the second quarter of 2018. The pipeline begins at Maypearl, TX in Ellis County and stretches south about 240 miles to Sweeny, in Brazoria County.

The pipeline will be operated by Energy Transfer Partners. Moreover, the parties are trying to expand the jointly-owned North Texas 36-inch Pipeline that will augment capacity from West Texas for deliveries into the Old Ocean Pipeline. The North Texas Pipeline expansion project is anticipated to conclude by fourth-quarter 2018.

The restart of operations in the Old Ocean pipeline is expected to help meet the immediate demand for takeaway capacity from the growing Delaware Basin and Midland Basin.

About Enterprise Products Partners

Based in Houston, TX, Enterprise is one of the major publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids ("NGL"), crude oil as well as petrochemicals. The partnership transports natural gas, NGLs, crude oil and petrochemicals through 50,000 miles of onshore and offshore pipelines. It also has 260 million barrels of storage capacity for NGLs, petrochemicals, refined products and crude oil along with 14 billion cubic feet of natural gas storage capacity.

About Energy Transfer Partners

Dallas, TX-based Energy Transfer Partners is a Master Limited Partnership engaged primarily in the gathering, processing, storage and transportation of natural gas and NGLs through a network of pipelines spanning some 62,500 miles. The partnership's subsidiaries include Panhandle Eastern Pipe Line Company, L.P. and Lone Star NGL LLC — a venture that owns and operates NGL storage, fractionation and transportation assets in Texas, Louisiana and Mississippi.

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