Company History

2008 January 2008, increased the current quarterly cash distribution rate to partners to $0.50 per common unit, a 7% increase over the $0.4675 per unit quarterly distribution declared for the fourth quarter of 2006.

2007 December 2007, received international recognition for the partnership’s work on the record-setting Independence Project. The Excellence in Project Integration Award was presented at the 2007 International Petroleum Technology Conference.

2007 December 2007, announced special unitholder meeting to be held on January 29, 2008 for unitholders of record on December 20, 2007. Unitholders will be asked to consider and vote upon the terms of the Enterprise Products 2008 Long-Term Incentive Plan.

2007 December 2007, executed long-term contract with Marathon Oil Company to provide a range of midstream services, including natural gas gathering, compression, treating and processing, for Marathon’s natural gas production in the Piceance Basin of northwest Colorado. Enterprise will construct approximately 50 miles of new gathering lines to connect Marathon’s multi-well drilling sites, to the partnership’s 48-mile, 36-inch Piceance Creek Gathering System.

2007 November 2007, formed joint venture with the Jicarilla Apache Nation to own and operate natural gas gathering assets located on and near Jicarilla Apache reservation lands. Enterprise will contribute 545 miles of gathering lines, related gathering assets and 40 MMcf/d of redelivery and natural gas processing capacity through its San Juan Gathering System. The Jicarilla Apache Nation will contribute rights of access and use of reservation lands for operation and expansion of the joint venture gathering system, which will be operated by Enterprise.

2007 November 2007, entered agreement with Chevron to provide Midstream energy services. Enterprise will transport natural gas through its 48-mile, 36-inch diameter Piceance Creek Gathering system to the Meeker natural gas processing facility, originating from Chevron’s 33,000 acre Western Slope development area in Garfield, CO. Enterprise will also receive Chevron’s mixed NGLs extracted at Meeker and utilize the flexibility of its integrated midstream network, to provide purity products to Chevron.

2007 November 2007, natural gas volumes at the Independence Hub platform reached 900 million cubic feet per day. Fourteen of fifteen wells have been brought online and production is expected to reach full capacity of 1 Bcf/d by the end of the year. Initial volumes began flowing into Independence Hub in July 2007.

2007 October 2007, increased the current quarterly cash distribution rate to partners to $0.49 per common unit, a 6.5% increase over the $0.46 per unit quarterly distribution paid with respect to the third quarter of 2006.

2007 October 2007, Enterprise began processing natural gas at its Meeker cryrogenic facility located in Colorado’s Piceance Basin. This state-of-the-art facility can process up to 750 million cubic feet per day of natural gas and is capable of extracting up to 35,000 barrels per day of natural gas liquids.

2007 August 2007, Enterprise and Questar Pipeline entered into a Memorandum of Understanding to develop a new natural gas pipeline hub in the Rockies. The White River Hub would be a header system owned equally by the two companies and would have the capacity to transport more than 2.5 billion cubic feet per day and provide hub-related services for natural gas producers, marketers and purchasers in the area. The facilities would connect Enterprise’s natural gas processing complex near Meeker, CO, with up to six interstate pipelines.

2007 July 2007, Enterprise and TEPPCO Partners announced through their Jonah Gas Gathering Company joint venture, the completion of installation of 67,500 horsepower of compression at the Bridger Station in Sublette County, Wyoming with final stages of compression underway. The additional compression, along with pipeline looping that became operational in December 2006, increased the capacity of the Jonah Gas Gathering system to 2 billion cubic feet per day.

2007 July 2007, Michael A. Creel was elected president and chief executive officer in addition to his role as director of the general partner. Dr. Ralph S. Cunningham resigned as interim president and chief executive officer of the general partner. W. Randall Fowler was elected chief financial officer and promoted to executive vice president.

2007 July 2007, increased the current quarterly cash distribution rate to partners to $0.4825 per common unit, a 6.6% increase over the $0.4525 per unit quarterly distribution paid with respect to the second quarter of 2006.

2007 June 2007, Enterprise announced the completion of the expansion of its import/export terminal at the Houston Ship Channel, effectively doubling the offloading capacity from 240 thousand barrels per day (MBPD) to 480 MBPD and adding the flexibility to simultaneously unload product from two vessels or two separate products from the same vessel.

2007 June 2007, Robert G. Phillips resigned as a director, president and chief executive officer of Enterprise’s general partner. Dr. Ralph S. Cunningham was elected to serve as interim president and chief executive officer in addition to his role as a director of the general partner.

2007 April 2007, increased the current quarterly cash distribution rate to partners to $0.475 per common unit, a 6.7% increase over the $0.445 per unit quarterly distribution paid with respect to the first quarter of 2006.

2007 March 2007, Independence Hub production platform was successfully installed at its deepwater site in the Mississippi Canyon area of the eastern Gulf of Mexico and began earning demand revenues.

2007 January 2007, IPO of Duncan Energy Partners, L.P. (NYSE: DEP) of 14,950,000 common units priced at $21.00 per common unit. Duncan Energy Partners was formed to own interests in certain midstream assets of Enterprise and may, from time to time, acquire interests in midstream assets from affiliates of Enterprise or, under certain circumstances, from third parties.

2007 January 2007, increased the current quarterly cash distribution rate to partners to $0.4675 per common unit, a 6.9% increase over the $0.4375 per unit quarterly distribution paid with respect to the fourth quarter of 2005.

2007 December 2007, Enterprise affiliate, Enterprise Gas Processing, LLC, purchased Piceance Creek Pipeline, LLC, from EnCana Oil & Gas Inc. The assets of Piceance Creek Pipeline, LLC consist primarily of a recently constructed 48-mile, 36-inch diameter natural gas gathering pipeline in the Piceance Basin of northwest Colorado. As part of the transaction, EnCana signed a long term, fixed-fee gathering contract and dedicated significant production to the system for the life of the associated lease holdings.

2006 December 2006, Enterprise substantially completed its South Texas corridor strategy which involved a combination of pipeline acquisitions, new pipeline construction and upgrades to existing assets to provide producers and consumers of NGLs along the Texas Gulf Coast with significantly enhanced access to North America’s largest NGL market hub at Mont Belvieu, Texas.

2006 November 2006, Enterprise and TEPPCO Partners, L.P. announced through their Jonah Gas Gathering Company joint venture, that a new pipeline looping project, constructed as part of the Phase V expansion of the Jonah Gas Gathering System, was put in service. The pipeline looping project is the first segment of the Phase V expansion and includes 75-miles of 36-inch diameter pipe and 12 miles of 24-inch diameter pipe that transport natural gas from the Jonah and Pinedale fields to processing plants and interstate pipelines near Opal, Wyoming.

2006 November 2006, Enterprise affiliate, Enterprise Gas Processing, LLC, entered into a 30-year agreement with ExxonMobil Gas & Power Marketing Company to provide gathering, compression, treating and conditioning services for natural gas produced as part of a development program planned by ExxonMobil in the Piceance Basin of Colorado.

2006 November 2006, Enterprise affiliate, Enterprise Texas Pipeline L.P., will extend its intrastate natural gas pipeline system with the construction of a new 178-mile pipeline that will provide up to 1.1 billion cubic feet per day (Bcfd) of takeaway capacity for natural gas production in the growing Barnett Shale area of North Texas. The new Enterprise Sherman Extension is supported by long-term contracts with Devon Energy Corporation, the largest producer in the Barnett Shale area, and significant indications of interest from leading producers and gatherers in the basin, as well as shippers on Enterprise’s Texas intrastate pipeline system. The Sherman Extension will be comprised of a 30 and 36-inch diameter pipeline originating at a central delivery point on Enterprise’s Texas intrastate pipeline system near Morgan Mill, Texas and will extend through the center of the current Barnett Shale development area to Sherman, Texas.

2006 October 2006, Enterprise announced that its general partner, Enterprise Products GP, LLC, elected Rex Ross and Charles M. (Charlie) Rampacek to its Board of Directors effective October 2006.

2006 October 2006, increased the current quarterly cash distribution rate to partners to $0.46 per common unit, a 7% increase over the $0.43 per unit quarterly distribution paid with respect to the third quarter of 2005.

2006 October 2006, signed definitive agreements with producers to construct, own and operate an oil export pipeline to provide firm gathering services from the BHP Billiton-operated Shenzi field located in the prolific South Green Canyon area of the central Gulf of Mexico. The Shenzi oil export pipeline will originate at the Shenzi Field, located in 4,300 feet of water at Green Canyon Block 653, approximately 120 miles off the coast of Louisiana. The 83-mile, 20-inch diameter pipeline will have the capacity to transport up to 230,000 barrels per day of crude oil and will connect the field to the Cameron Highway Oil Pipeline and Poseidon Oil Pipeline systems at Enterprise’s Ship Shoal 332B junction platform.

2006 August 2006, Enterprise subsidiary, Mid-America Pipeline Company LLC, executed new long-term agreements with all but one of its current shippers on the Rocky Mountain Pipeline System pursuant to the terms and conditions of Mid-America’s open season tariff that was accepted by the Federal Energy Regulatory Commission (FERC). Under the terms of the agreements, shippers have committed to transport all of their current and future natural gas liquids production from the Rockies through Mid-America to either the Hobbs fractionator or to Mont Belvieu, Texas via the Seminole pipeline system for a minimum of 10 years and up to a maximum of 20 years.

2006 August 2006, Enterprise and TEPPCO Partners, L.P. announced a joint venture through their respective subsidiaries in which they will be partners in Jonah Gas Gathering Company. In connection with the joint venture, the parties intend to continue the Phase V expansion, which is expected to increase the system capacity of the Jonah Gas Gathering System from 1.5 billion cubic feet per day (bcfd) to 2.3 bcfd and to significantly reduce system operating pressures, which is anticipated to lead to increased production rates and ultimate reserve recoveries.

2006 July 2006, announced that it is expanding its leading position in the Texas intrastate natural gas market by signing long-term agreements with CenterPoint Energy Resources Corp. (CERC) to provide firm natural gas transportation and storage services to its natural gas utility, primarily in the Houston metropolitan area. Enterprise will provide CenterPoint Energy with up to fourteen billion cubic feet (bcf) per year of natural gas service beginning in April 2007.

2006 July 2006, increased the current quarterly cash distribution rate to partners to $0.4525 per common unit, a 7.7% increase over the $0.42 per unit quarterly distribution paid with respect to the second quarter of 2005.

2006 July 2006, acquired certain natural gas gathering systems and related gathering and processing contracts from Cerrito Gathering Company, Ltd. The Cerrito gathering systems are comprised of approximately 484 miles of pipeline (including approximately 172 miles of pipe currently under lease from Enterprise) and 31,000 horsepower compression, and are connected to over 1,450 wells with a n aggregate volume of over 100 million cubic feet per day (MMcfd) of rich natural gas sourced from the Olmos and Wilcox Trends in South Texas.

2006 April 2006, increased the current quarterly cash distribution rate to partners to $0.445 per common unit, an 8.5% increase over the $0.41 per unit quarterly distribution paid with respect to the first quarter of 2005.

2006 April 2006, completed the acquisition of the Pioneer silica gel natural gas processing plant located near Opal, Wyoming, for $38 million.

2006 February 2006, announced that one of its affiliates executed a letter of intent with TEPPCO Partners, L.P. to pursue a joint venture to own and construct an expansion of the Jonah Gas Gathering System. The Jonah system, located in the Green River Basin of southwestern Wyoming, gathers and transports natural gas produced form the prolific Jonah and Pinedale fields to natural gas processing plants and major interstate pipelines that deliver the natural gas to end-use markets. The additional expansion will increase the capacity of the Jonah system from 1.5 billion cubic feet per day (Bcfd) to 2 Bcfd and will significantly reduce system operating pressures, which should result in increases in both production rates and ultimate reserve recoveries.

2006 February 2006, the general partner of Enterprise, Enterprise Products GP, LLC, announced the election of Stephen L. Baum, Richard H. Bachmann, Michael A. Creel, Dr. Ralph S. Cunningham and W. Randall Fowler as directors and the resignations of O.S. “Dub” Andras, W. Matt Ralls and Richard S. Snell from its board of directors.

2006 January 2006, announced that one of its affiliates entered into a long-term natural gas processing contract with EnCana Oil and Gas Inc., an affiliate of EnCana Corporation. Under the terms of the agreement, Enterprise will have the right to process up to 1.3 billion cubic feet per day of EnCana’s natural gas production in the Piceance basin are of western Colorado.

2006 January 2006, announced, along with TEPPCO Partners, L.P. the execution of a letter of intent by an affiliate of TEPPCO to sell its ownership in the Pioneer silica gel natural gas processing plant located in Opal, Wyoming, to an affiliate of Enterprise. The terms of the letter of intent provided that Enterprise would purchase the existing Pioneer plant, together with all of Jonah Gas Gathering Company’s rights to process natural gas originating from the Jonah and Pinedale fields. Enterprise would immediately begin construction to expand the capacity of the facility from 275 million cubic feet per day (MMcfd) to 550 MMcfd.

2006 January 2006, increased the current quarterly cash distribution rate to partners to $0.4375 per common unit, a 9.4% increase over the $0.40 per unit quarterly distribution paid with respect to the fourth quarter of 2004.

2006 January 2006, announced agreements with the Atwater Valley Producers Group to increase both the processing capacity of the Independence Hub platform and the transportation capacity of the Independence Trail Natural Gas Pipeline from 850 million cubic feet per day each to a total capacity of 1 billion cubic feet per day.

2005 December 2005, Enterprise’s wholly-owned subsidiary, Petal Gas Storage, LLC placed in service an additional 2.4 billion cubic feet (Bcf) of working natural gas storage capacity at its Petal facility located near Hattiesburg, Mississippi. The new capacity is the result of the conversion of an existing brine storage cavern to natural gas storage service for approximately $15 million. Enterprise also announced that it commenced the development of a new natural gas storage cavern at its Petal facility that is expected to add an additional 5 Bcf of working gas storage capacity.

2005 November 2005, announced that the Board of Directors of its General Partner elected Dr. Ralph S. Cunningham to serve as Group Executive Vice President and Chief Operating Officer of the General Partner.

2005 October 2005, increased the current quarterly cash distribution rate to partners to $0.43 per common unit, an 8.9% increase over the $0.395 per unit quarterly distribution paid with respect to the third quarter of 2004.

2005April 2005, increased the current quarterly cash distribution rate to partners to $0.41 per common unit, a 10% increase over the rate paid in the second quarter of 2004 and an 82% increase since the IPO in July 1998.

2005April 2005, Enterprise announced first deliveries of crude oil to major refining markets on the Texas Gulf Coast through the recently completed Cameron Highway Oil Pipeline System. The pipeline has the capacity to deliver up to 600 MBPD of crude oil to the United States' largest refining complex on the Texas Gulf Coast. The first five wells have been connected and Cameron Highway is delivering approximately 100 MBPD of crude oil. Production is expected to ramp up throughout 2005 and 2006 as additional wells are completed.

2005February 2005, Enterprise acquired additional interests in the Dixie Pipeline Company, increasing its total interest from 20% to 66% in separate transactions totaling $71 million.

2005January 2005, Enterprise increased its ownership interest in K/D/S Promix to 50% and announced that it would expand its natural gas liquids fractionator at Mont Belvieu by 15 MBPD.

2005January 2005, Enterprise announced that the Poseidon Oil Pipeline began receiving crude oil from the Front Runner and Tarantula fields through two new laterals built by Poseidon Oil Pipeline Company, L.L.C., a joint venture in which the partnership owns a 36% interest.

2005January 2005, Enterprise acquired natural gas gathering and processing companies from El Paso Corporation that own an 80% interest in 3 gathering systems and a 75% interest in the Indian Springs gas processing facility, all located in Polk County, Texas for $74.5 million.

2004November 2004, announced agreements with Atwater Valley Producers Group, consisting of five independent E&P companies, to construct a deepwater hub platform and a pipeline that will process and transport up to 850 million cubic feet per day of natural gas from the eastern Gulf of Mexico. Enterprise will design, construct, install and own, and Anadarko will operate Independence Hub, a 105-ft. semi-submersible platform located on Mississippi Canyon block 920 for approximately $385 million. The platform is designed to process production from six anchor fields and has the capacity to connect 10 additional fields. Additionally, Enterprise will own, install and operate Independence Trail, a 24-inch, 140-mile pipeline at an estimated cost of $280 million that will redeliver production from the platform into Tennessee Gas Pipeline.

2004Also as part of the merger financing, Enterprise Products Operating L.P. completed four cash tender offers for GulfTerra's four series of senior subordinated and senior notes outstanding. As of the expiration time of the offers, Enterprise had received tenders of 99.3% of the notes outstanding aggregating $915.1 million.

2004As part of the financing of the merger, Enterprise Products Operating L.P. issued $2.0 billion of senior unsecured notes in a Rule 144A private placement. The net proceeds of approximately $1.98 billion were used to reduce the amount of debt outstanding under Enterprise Operating's $2.25-billion, 364-day revolving acquisition credit facility that was used to partially fund the merger with GulfTerra on September 30.

2004Enterprise completed its merger with GulfTerra effective September 30, creating one of the largest publicly traded energy partnerships with an enterprise value of approximately $14 billion.   In related transactions, Enterprise purchased approximately 13.8 million GulfTerra limited partner units for $500 million from El Paso Corporation and the remaining 57.8 million common units of GulfTerra were converted into approximately 104.5 million Enterprise common units based on an exchange rate of 1.81 Enterprise units for each GulfTerra unit. Enterprise also acquired nine natural gas processing plants and related facilities located in South Texas from El Paso Corporation for $156 million.

2004Fitch Ratings initiated coverage and assigned a 'BBB-' investment grade rating to Enterprise Products Operating L.P.'s outstanding $1.65 billion senior unsecured notes. The Rating Outlook is Stable.

2004Enterprise and GulfTerra unitholders approved the merger in separate meetings on July 29. At the Enterprise meeting, 99.7 percent of the total common units voted were in favor of the merger, and at the GulfTerra unitholder meeting, 98.0 percent of the common units voted were in favor of the merger. Under the terms of the merger, GulfTerra unitholders will receive 1.81 Enterprise common units in exchange for each GulfTerra unit.

2004Completed two public offerings totaling 35.5 million new common units to limited partners with net proceeds aggregating $695 million that was used by Enterprise to repay debt and to finance various business acquisitions and investments, including a portion of the GulfTerra merger transaction.

2003Announced jointly with GulfTerra Energy Partners, L.P. and El Paso Corporation the execution of definitive agreements to merge Enterprise and GulfTerra to form the second largest publicly traded energy partnership with an enterprise value of approximately $13 billion.   Completed the first step of this transaction on December 15, 2003, by purchasing a 50% interest in GulfTerra's General Partner for $425 million in cash.

2003Announced that the Board has approved the implementation of a cash distribution reinvestment plan for the Company's common limited partner units. Through the plan, which is targeted to be in place by the August 2003 cash distribution payment, Enterprise is authorized to issue up to 5,000,000 common units.

2003Acquired Quest Transmission Ltd. for $14.4 million. The primary asset is a 67-mile, 8-inch pipeline system with a 2.5-mile lateral that transports high-purity isobutane from Mont Belvieu to Port Neches and Port Arthur, Texas.

2003Completed the expansion of the Lou-Tex NGL pipeline, which increased the capacity by 40% to 70,000 BPD from 50,000 BPD for only $2 million. This bi-directional pipeline with storage on both ends of the system is the only pipeline that effectively connects NGL supplies and markets in Louisiana with the Texas Gulf Coast.

2003Purchased the remaining 50% interest in the EPIK NGL export terminal from Idemitsu LPG USA Corporation for $19 million. The terminal has the capacity to load refrigerated propane and butane at rates of 5,000 Bbls/hour, which are the highest loading rates for any NGL export terminal in the U.S. Enterprise now owns 100% of this export terminal.

2003Completed two private placements of senior notes: (1) $350 million of 6.375% 10-year notes, and (2) $500 million of 6.875% 30-year notes. The proceeds from the two offerings, combined with the proceeds from the equity offerings in October 2002 and January 2003, were used to pay off the 364-day term loan that was used to temporarily finance the Mid-America and Seminole acquisition in July 2002.

2003Completed two public offerings totaling 26.6 million new common units to limited partners with net proceeds in the aggregate of $519 million used by Enterprise to repay debt. The total proceeds from these two offerings, which were issued in January and May, combined with the proceeds from the October 2002 offering, was $702 million.

2002Amended the partnership agreement to eliminate the general partner's incentive distribution right to receive 50% of total cash distributions with respect to quarterly distributions that exceed $0.392 per unit. This effectively caps the general partner's incentive rights at 25%, and there was no consideration paid to the general partner to give up this right.

2002Acquired four NGL terminals and certain wholesale propane supply and sales contracts from Cornerstone Propane Partners, L.P. for $11.5 million in cash. The terminals, which are located in Rocklin and Bakersfield, California, Reno, Nevada and Albertville, Alabama, store approximately 2.6 million gallons of NGLs.

2002Completed a public offering in October of 9.8 million limited partner units with net proceeds of approximately $182 million being used to repay a portion of the debt outstanding that was incurred to finance the purchase of ownership interests in the Mid-America and Seminole pipelines. It was the first public offering of new common units since the IPO in July 1998.

2002Announced plans jointly with Shell Gas Transmission, LLC to construct and install a new 41-mile, 16-inch natural gas pipeline in the Western Gulf of Mexico to transport natural gas from the deepwater Gunnison development operated by Kerr-McGee Corp. The new pipeline, which connects with the Stingray Pipeline, was completed in December 2003, and has a capacity of 275 million cubic feet per day. The pipeline will be owned by Triton Gathering LLC, which owns gathering lines that connect to the Stingray Pipeline. Triton and Stingray are jointly owned by Shell and Enterprise.

2002Acquired a 98% ownership interest in the Mid-America pipeline system and a 78% interest in the Seminole pipeline system from The Williams Companies, Inc. for approximately $1.2 billion in cash. Mid-America is a 7,226-mile NGL pipeline system connecting the Hobbs hub located on the Texas-New Mexico border with supply regions in the Rocky Mountains and the Midwest. Seminole is a 1,281-mile pipeline system that interconnects with the Mid-America pipeline system at Hobbs and transports mixed NGLs to Mont Belvieu, Texas. In 2001, average transportation volumes were 641,000 and 241,000 barrels per day on the Mid-America and Seminole pipelines, respectively.

2002Acquired 100% of the Toca-Western natural gas processing plant and natural gas liquids fractionator from Western Gas Resources for $32.5 million in cash. The gas processing facility has a capacity of 160 million cubic feet per day and the fractionator can separate 14,200 barrels per day of mixed NGLs into propane, normal butane, isobutane and natural gasoline.

2002Entered into a long-term agreement with Dynegy Liquids Marketing and Trade and Venice Energy Services Company, L.L.C. ("VESCO") to provide VESCO's natural gas liquids production with access to additional markets on the Louisiana and Texas Gulf Coast by utilizing our integrated value chain.

2002Acquired a 12.5% ownership interest in an NGL fractionator from an affiliate of ChevronTexaco. The fractionator is located at the Mont Belvieu complex and has the capacity to separate 210,000 barrels per day of mixed NGLs into ethane, propane, normal butane, isobutane and natural gasoline. Enterprise now owns 75% of this facility and is operator.

2002Announced a two-for-one split for each class of the company's limited partner units that was completed on May 15, 2002, affecting holders of record on April 30, 2002.

2002Acquired various propylene fractionation assets and certain inventories of propylene and propane from Diamond-Koch for approximately $239 million in cash. The acquisition includes a 66.7% interest in a polymer-grade propylene fractionation facility located in Mont Belvieu, Texas, a 50% interest in a polymer-grade propylene export terminal located on the Houston Ship Channel and various distribution pipelines and related equipment. The Mont Belvieu facility has capacity to produce approximately 41,000 barrels per day of polymer-grade propylene.

2002Acquired a natural gas liquids and petrochemical liquids storage business from Diamond-Koch for $130 million in cash. The assets include 25 salt dome storage caverns at Mont Belvieu, Texas with a useable capacity of 64 million barrels, local distribution pipelines and related equipment.

2001Acquired Acadian Gas LLC from an affiliate of Shell Oil Company for $244 million in cash. Acadian's assets consist of three Louisiana intrastate pipeline systems with over 1,000 miles of pipeline with a combined capacity of over one billion cubic feet per day.

2001Acquired an NGL storage facility from Equistar Chemicals, LP for approximately $3.4 million. The salt dome storage cavern, which is located near Enterprise's complex in Mont Belvieu, Texas, has a capacity of one million barrels. The purchase also includes adjacent acreage which would support the development of an additional storage cavern.

2001Acquired ownership interests in five natural gas pipeline and gathering systems in the central Gulf of Mexico for $112 million. These systems total approximately 725 miles of pipeline with an aggregate capacity of approximately 2,850 million cubic feet per day.

2000Completed construction of Lou-Tex NGL Pipeline.

2000Commenced operations of Baton Rouge Propylene Concentrator LLC, a joint venture between affiliates of ExxonMobil Chemical Company and Enterprise. The unit upgrades refinery-grade propylene produced by ExxonMobil Chemical and others into chemical-grade propylene, a basic building block petrochemical used in plastics, synthetic fibers, and foams. The facility has the capacity to produce 1.5 billion pounds (680,000 metric tons) per year of chemical-grade propylene.

2000Commenced operations at the Neptune Natural Gas Processing Plant. Neptune, with the capacity to process 300 million cubic feet per day of natural gas, is located in St. Mary Parish, La., and processes natural gas that is transported on the Nautilus pipeline system. Enterprise operates the plant and has a 66 percent ownership interest, with Marathon Oil Company holding the remaining 34 percent interest.

2000Completed the purchase of Lou-Tex Propylene Pipeline, a 50,000-barrel-per-day , 263-mile, 10-inch liquids pipeline that links major petrochemical and refinery complexes in Louisiana and Texas.

1999Completed construction of a refrigerated export facility located at Enterprise's Houston Ship Channel terminal, with 5,000 barrels per hour of loading capacity.

1999Acquired an additional 25% interest in a natural gas liquids fractionator from Kinder Morgan Energy Partners for approximately $45 million in cash and assumed debt. The fractionator, which is located at Mont Belvieu, Texas has a capacity to separate 210,000 barrels per day of natural gas liquids. Enterprise now owns 62.5% of this facility.

1999Completed the expansion of the Pascagoula, Mississippi Natural Gas Processing Plant.

1999Acquired Tejas Natural Gas Liquids from an affiliate of Shell Oil Company for approximately $375 million in cash and convertible Special partnership units. Executed a 20-year natural gas processing agreement with Shell for rights to process all of Shell's natural gas production from the Gulf of Mexico.

1999Formed a joint venture with Exxon Chemical to construct a propylene concentrator in Baton Rouge, Louisiana with 22,500 barrels per day of production capacity. Construction was completed in mid-2000.

1999Agreed to acquire Lou-Tex propylene pipeline from an affiliate of Shell Chemical. The pipeline transports propylene from Sorrento, Louisiana to Mont Belvieu with 30,000 barrels per day of capacity.

1999Completed construction of Baton Rouge NGL fractionator with 60,000 barrels per day of capacity.

1999Completed construction of Wilprise NGL pipeline in Louisiana.

1999Completed construction of Tri-States NGL pipeline in Alabama, Mississippi and Louisiana.

1998Issued 12,000,000 limited partner common units in an initial public offering. The net proceeds of $247.2 million were reinvested in the company to fund project developments and future acquisitions. Enterprise Products Partners L.P. is listed on the New York Stock Exchange under ticker symbol "EPD."

1997Completed construction of propylene splitter II with 14,700 barrels per day of capacity.

1996Completed expansion of Mont Belvieu NGL fractionation capacity for the 4th time to 210,000 barrels per day.

1994Completed construction of Belvieu Environmental Fuels' MTBE plant with affiliates of Mitchell Energy and Sun Oil Company as partners.

1992Completed construction of isomerization unit III with 44,000 barrels per day of production capacity and expansion of isomerization unit I capacity to 36,000 barrels per day.

1991Completed expansion of isomerization unit II to 36,000 barrels per day of production capacity.

1991Completed construction of 16-inch pipeline from Mont Belvieu storage complex to Houston Ship Channel import/export terminal.

1985Completed expansion of Seminole fractionation unit, increases gross capacity to 130,000 barrels per day.

1985Strategic joint venture partners invested in an initial 43.75% interest in the Mont Belvieu fractionation facility.

1983Completed construction of NGL import/export facility on the Houston Ship Channel.

1982Completed construction of the Seminole NGL fractionator at Mont Belvieu with 60,000 barrels per day of capacity.

1981Completed construction of Isomerization units I and II, each with 13,000 barrels per day of production capacity.

1980Completed construction of Lake Charles, Louisiana and Bayport, Texas propylene pipelines.

1980Acquired Wanda Petroleum Company (pipeline and storage assets) from Dow Chemical.

1980Completed construction of the West Texas natural gas liquids fractionator at Mont Belvieu with 35,000 barrels per day of capacity.

1979Completed construction of Chunchula and Sorrento NGL pipelines.

1979Completed construction of a natural gas liquids fractionator at Petal, Mississippi.

1979Completed construction of Mont Belvieu storage and pipeline complex.

1978Competed construction of Propylene Splitter I with production capacity of 5,200 barrels per day, subsequently expanded to 16,200 barrels per day.

1972Completed construction of pipelines at Mont Belvieu, Texas.

1969Dan Duncan joins Enterprise as a 1/3 owner after the company's formation in 1968