Enterprise Products (EPD) and Duncan Energy (DEP) to Increase Acadian Gas Intrastate Pipeline

November 17, 2009 4:38 PM EST

Enterprise Products Partners L.P. (NYSE: EPD) and Duncan Energy Partners L.P. (NYSE: DEP) today announced they have received additional firm transportation commitments from shippers sufficient to support an increase in the capacity of its recently announced Haynesville Extension project from 1.4 billion cubic feet per day (Bcf/d) to 2.1 Bcf/d. As a result, Enterprise and Duncan Energy placed an order today increasing the size of the 249-mile pipeline extension of their jointly-owned Acadian Gas LLC intrastate pipeline into Northwest Louisiana to 42 inches in diameter.

Following its completion, which is expected in September of 2011, the project will provide producers in the rapidly growing Haynesville Shale play with much needed takeaway capacity, including access to more than 150 end-use markets along the Mississippi River corridor between Baton Rouge and New Orleans. In addition, shippers will be able to access a rapid-cycle salt dome storage cavern and have the ability to make physical deliveries into the Henry Hub and benefit from more favorable pricing points. The Haynesville Extension will also allow shippers to reach nine interstate pipeline systems.

Acadian Gas, LLC is 66 percent owned by Duncan Energy Partners and 34 percent owned by Enterprise Products Partners. Enterprise Products Partners is the parent of Duncan Energy Partners and currently owns approximately 52 percent of the outstanding common units of DEP, in addition to significant direct equity interests in each of Duncan Energy's subsidiaries.

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