Enterprise Products Partners LP signs new long-term agreements with major producers in Barnett Shale Area of North Texas

Aug 29, 2008 (M2 EQUITYBITES via COMTEX) -- EPD | Quote | Chart | News | PowerRating -- Enterprise Products Partners LP (NYSE:EPD), a provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil and petrochemicals, declared on 28 August that the partnership's affiliates have executed new long-term agreements with major producers in the Barnett Shale region for the utilization of approximately 900 million cubic feet per day of capacity on 1.1 billion cubic feet per day (Bcfd) Sherman Extension natural gas pipeline.

In addition, the partnership said that a pipeline will be built for the transportation of new supplies of natural gas produced from the Barnett Shale in Tarrant and Denton Counties, Texasto the 178-mile Sherman Extension pipeline. The Sherman Extension is expected to be completed in the fourth quarter of 2008. Enterprise said that it had previously completed a 42-mile section of the Sherman Extension from Erath County to Parker County, Texas and commenced interim transportation service on the Sherman Extension to markets utilising Enterprise's Texas intrastate system.

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