Enterprise Announces Commercial Organization Following Completion of TEPPCO Merger

• Press Release
• Source: Enterprise Products Partners L.P.
• On 1:28 pm EDT, Thursday October 29, 2009

HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD - News) today announced its commercial management team following the completion of the merger with TEPPCO Partners, L.P. (“TEPPCO”). As a result of the merger, the senior officers of the general partner of Enterprise listed below will report to A.J. “Jim” Teague, an Executive Vice President and the Chief Commercial Officer of Enterprise.

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“We’re very excited about the senior management team we have assembled to lead Enterprise going forward and proud of the combined record of accomplishments its members have built,” stated Teague. “As a testament to the broad industry experience of the commercial management team, certain individuals will be responsible for assets in multiple business segments. The expertise this group brings to the table will be instrumental as we pursue opportunities that leverage the strength of Enterprise’s expanded asset base in order to add value for customers and investors alike.”

Lynn L. Bourdon, a Senior Vice President of Enterprise, will be responsible for the partnership’s petrochemical and refinery services businesses in addition to its natural gas liquid (“NGL”) marketing activities. The petrochemical services business includes Enterprise’s butane isomerization, propylene fractionation, octane enhancement and petrochemical pipeline assets. Bourdon joined Enterprise in 2003 from Orion Refining Corporation where he was Senior Vice President and Chief Commercial Officer. Most recently, Bourdon was Senior Vice President responsible for managing the partnership’s NGL-related marketing activities.

J. Michael Cockrell, a newly-elected Senior Vice President of Enterprise, will be responsible for managing the partnership’s onshore crude oil transportation, pipeline, storage and marketing business. This business is comprised of approximately 4,400 miles of onshore crude oil pipelines and approximately 14 million barrels of crude oil storage capacity, including Enterprise’s investment in the Seaway Crude pipeline, acquired as part of the merger with TEPPCO. Cockrell joined TEPPCO in 1999 and was elected Senior Vice President of the general partner of Enterprise contemporaneously with the completion of the merger with TEPPCO. Cockrell was most recently responsible for this business while a Senior Vice President of TEPPCO.

James M. Collingsworth, a Senior Vice President of Enterprise, will be responsible for the partnership’s regulated NGL, refined product and natural gas pipelines and storage businesses. These assets comprising this segment include the Mid-America, Seminole, Dixie and Chaparral NGL pipelines, as well as the TE Products pipeline and Enterprise’s investment in the Centennial refined products pipeline, both of which were previously TEPPCO assets. This business also includes regulated natural gas storage facilities in Hattiesburg and Petal, Mississippi. Collingsworth joined Enterprise in 2001 from Texaco where he was Senior Vice President of NGL Assets and Business Services. Most recently, Collingsworth was Senior Vice President responsible for managing Enterprise’s regulated NGL and natural gas pipelines and storage businesses.

Thomas M. Zulim, a Senior Vice President of Enterprise, will continue to be responsible for the partnership’s unregulated NGL assets, which include Enterprise’s natural gas processing and unregulated NGL fractionation, pipeline, import/export and storage businesses. Zulim will also have commercial responsibility for certain natural gas pipeline systems, including the San Juan, Jonah, Piceance Basin and Val Verde systems that are integral to the partnership’s natural gas processing plants. In addition to Enterprise’s legacy unregulated NGL assets, this business includes the Panola, San Jacinto, Quanah, and Dean NGL pipelines, as well as two NGL fractionators in Colorado that were acquired as part of the merger with TEPPCO. Zulim joined the partnership in 1999 as part of Enterprise’s acquisition of certain midstream energy businesses from Shell Oil Company.

Christopher R. Skoog, a Senior Vice President of Enterprise, will be responsible for the partnership’s unregulated natural gas pipeline, storage and marketing businesses. The assets of this business segment include Enterprise’s approximately 11,000 miles of intrastate Texas and Louisiana natural gas pipelines and unregulated storage facilities, as well as the partnership’s natural gas marketing business. Skoog joined Enterprise in 2007 from ONEOK Energy Partners where he was President of the Interstate pipeline group.

James F. Guion, a Vice President of Enterprise, will continue to be responsible for the partnership’s unregulated offshore pipeline and services business, which includes approximately 900 miles of unregulated crude oil pipelines, 1,100 miles of unregulated natural gas pipelines and six multi-purpose offshore platforms. The largest asset in this business segment is the Independence Hub platform and Trail pipeline. Guion joined Enterprise in 2007 from Guion Management LP.

Rudy A. Nix, a Senior Vice President of Enterprise, will continue to be responsible for the partnership’s distribution services and asset optimization group. The role of this unit is to interface between the commercial and operating functions to assure the highest value use of Enterprise’s integrated value chain of assets and to provide logistical support for the distribution of NGL and petrochemical products throughout the system. Nix joined Enterprise in 1982.

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. The partnership’s assets include: more than 48,000 miles of onshore and offshore pipelines; approximately 200 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 (or separation), 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 - News). For more information on Enterprise GP Holdings L.P., visit www.enterprisegp.com.

Enterprise Products Partners L.P.
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