Energy Transfer Partners LP Announces Further Expansion Of Eagle Ford Shale Projects; Build New Facility

Energy Transfer Partners, L.P. announced that it has entered into new multiple long-term, fee-based agreements with producers to provide natural gas gathering, processing, and liquids services from the Eagle Ford Shale in South Texas. To facilitate the agreements, ETP will further expand the previously announced Rich Eagle Ford Mainline (REM) pipeline and will construct another new cryogenic processing facility. The new processing plant, located in Karnes County, Texas will provide approximately 200 million cubic feet per day of capacity and is necessary to fulfill the new long-term shipper commitments on REM. This new plant, which is scheduled to be completed in the fourth quarter of 2012, and the previously announced Chisholm and Jackson County Processing Plants, will provide approximately 1.125 billion cubic feet per day of processing capacity. Total cost for the Karnes County Processing Plant and the REM expansion is estimated to be $210 million.