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Pioneer Cryogenic Natural Gas Processing Facility Expected to Be Down Two to Three Weeks Following Incident
Friday March 28, 5:32 pm ET

Gas Volumes Diverted to Pioneer's Silica Gel Processing Plant in Interim

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. today announced that operations at its Pioneer cryogenic natural gas processing facility in Lincoln County, Wyoming have been suspended following a release of natural gas and subsequent fire that occurred on March 27, 2008. No injuries resulted from the incident, which was restricted to a small area within the plant.

Enterprise reported the incident to the appropriate government authorities and personnel on the scene worked closely with emergency responders to secure the site. Crews are in the process of determining the extent of the damage and have begun an investigation into the cause of the incident.

Based on preliminary findings, Enterprise expects the facility to resume service in approximately two to three weeks. In the meantime, all natural gas volumes are being diverted to the partnerships adjacent silica gel natural gas processing plant. Prior to the incident, the Pioneer cryogenic facility was processing about 550 million cubic feet of natural gas per day and extracting approximately 26,000 barrels per day of natural gas liquids. Enterprise does not expect the service interruption to materially affect the partnerships gross operating margin or net income for 2008.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships with an enterprise value of more than $20 billion, and is a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil and petrochemicals. Enterprise transports natural gas, NGLs, crude oil and petrochemicals through nearly 35,000 miles of onshore and offshore pipelines. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation and offshore production platform services. 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.

Source: Enterprise Products Partners L.P.

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