ENTERPRISE PRODUCTS PARTNERS L.P. PLATT’S NGL · PDF fileENTERPRISE PRODUCTS PARTNERS L.P. 8 Frac VII Frac VIII Frac VI Frac V ... NGL and PGP fractionation capacity expansions:

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ENTERPRISE PRODUCTS PARTNERS L.P.

© ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. enterpriseproducts.com

PLATT’S NGL CONFERENCE

Mike SmithGSVP, Regulated Business

September 30, 2014

© ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 2

DISCLAIMER

This presentation contains forward‐looking statements based on the beliefs of the company, aswell as assumptions made by, and information currently available to our management team.When used in this presentation, words such as “anticipate,” “project,” “expect,” “plan,” “seek,”“goal,” “estimate,” “forecast,” “intend,” “could,” “should,” “will,” “believe,” “may,” “potential” andsimilar expressions and statements regarding our plans and objectives for future operations, areintended to identify forward‐looking statements.

Although management believes that the expectations reflected in such forward‐looking statementsare reasonable, it can give no assurance that such expectations will prove to be correct. Youshould not put undue reliance on any forward‐looking statements, which speak only as of theirdates. Forward‐looking statements are subject to risks and uncertainties that may cause actualresults to differ materially from those expected, including insufficient cash from operations,adverse market conditions, governmental regulations, the possibility that tax or other costs ordifficulties related thereto will be greater than expected, the impact of competition and other riskfactors discussed in our latest filings with the Securities and Exchange Commission.

All forward‐looking statements attributable to Enterprise or any person acting on our behalf areexpressly qualified in their entirety by the cautionary statements contained herein, in such filingsand in our future periodic reports filed with the Securities and Exchange Commission. Except asrequired by law, we do not intend to update or revise our forward‐looking statements, whether asa result of new information, future events or otherwise.


ENTERPRISE ASSETS: NATURAL GAS, NGLS, CRUDE OIL AND PETROCHEMICALS

Pipelines: 52,000 miles of natural gas, NGL, crude oil, refined products and petrochemical pipelinesStorage: 200 MMBbls of NGL, refined products, petrochemical and crude oil, and 14 Bcf of natural gas storage capacityProcessing: 24 natural gas processing plants; 22 fractionatorsExports: added refined products export terminal; expanding World Scale LPG export facilities and adding ethane exports 2016

Connected to U.S. major shale basins Connected to every U.S. ethylene crackerConnected to ≈90% of refineries East of RockiesPipeline connected to 22 Gulf Coast PGP customers Connected to the “First and Last Mile” for supplies and markets through extensive marine and trucking fleets

Asset Overview Connectivity


Source: EPD Fundamentals

ROCKIES

1416

APPALACHIAN

1632

GULF COAST2638

MID‐CONTINENT

1216

PERMIAN

59

OTHER

11

Current74 Bcf/d

Year 2020 High112 Bcf/d

Region Current

Base Case 2020

High Case 2020

High Case 2025

Gulf Coast (incl. EF, Haynesville, Barnett)

26 32 38 46

Permian Basin 5 9 9 9Rockies 14 14 16 17Mid‐Continent 12 15 16 17Appalachian 16 23 32 37Other 1 1 1 1

Bcf/d 74 94 112 127

U.S. NATURAL GAS SUPPLY POTENTIALASSUMING SUFFICIENT MARKETS (BCF/D)



Current 8,457 MBPDPotentialYear 2020

11,981 MBPD

U.S. OIL & CONDENSATE SUPPLY POTENTIALASSUMING SUFFICIENT MARKETS (MBPD)

U.S. Region Current 2020 Gulf Coast 3,398 4,904Permian Basin 1,641 2,639Rockies 1,589 2,243Mid‐Continent 616 966Appalachian 78 185AK and CA 1,136 1,043

MBPD 8,457 11,981

3,4474,800

CANADA

ROCKIES

APPALACHIAN

GULF COAST

MID‐CONTINENT

PERMIAN

AK & CA

78185

1,1361,043

1,5892,243

616966

3,3984,904

1,6412,639


* Current is increased by 250‐300 MBPD for estimated ethane rejection Source: EPD Fundamentals

Current 3,192 MBPDPotentialYear 2020

5,336 MBPD

U.S. NGL SUPPLY POTENTIALASSUMING SUFFICIENT MARKETS (MBPD)

NGL Components Current 2020Ethane 1,377 2,509 Propane 928 1,453 N. Butane 248 505 Iso Butane 270 292 Natural Gasoline 369 576

MBPD 3,192 5,336

ROCKIES

APPALACHIAN

GULF COAST

MID‐CONTINENT

PERMIAN

OTHER

3011,182

135128

581922

501661

1,0651,417

6081,026


MIXED NGL (Y–GRADE) PROJECTS

Front RangeJV: 1/3 each EPD, Anadarko and DCP435 miles of 16” pipe; DJ basin to Skellytown; connections to Texas Express and MAPLCapacity: 150 MBPD, expandable to 230 MBPD10 year ship‐or‐pay contractsIn‐service: February 2014

Texas Express JV: 35% EPD, 35% Enbridge / Midcoast, 20% Anadarko and 10% DCP580 miles of 20” pipe; Skellytown to Mont BelvieuCapacity: 280 MBPD, expandable to 400 MBPD 10 year ship‐or‐pay contractsIn‐service: November 2013

79 79 82107 107

0

20

40

60

80

100

120

2014 2016 2019 2020 2023

MBP

D

Front Range Contracted Volumes

123 146202 217 244

0

50

100

150

200

250

2014 2016 2019 2020 2022MBP

D

Texas Express Contracted Volumes

MAPL Rocky Mountain Expansion265 miles of 16” pipeline and pump modifications10 year ship‐or‐pay contractsCapacity from 275 MBPD to ≈350 MBPD75 MBPD committed beginning January 1, 2014In‐service: January 2014


Frac VII

Frac VIII

Frac VI

Frac V

Frac IV

MONT BELVIEU: FRACS VII AND VIII

Built 5 Fracs, adding 425 MBbls of capacity in the last 5 years


MAJOR PROJECTS: MONT BELVIEUNGL VII, VIII and PGP Fractionators

NGL and PGP fractionation capacity expansions:• NGL Frac VII – 85 MBPD (4Q 2013)• NGL Frac VIII – 85 MBPD (4Q 2013)• PGP Frac Expansion – 7.5 MBPD (1Q 2013)

Brings NGL capacity to ≈670 MBPD and PGP to 118 MBPDEnterprise’s Mont Belvieu complex is centerpiece of the largest NGL hub in U.S. • Connected to all major U.S. refineries and petrochemical facilities along Gulf Coast

• 35 underground storage wells Over 100 MMbbls capacity Over 1 MMBPD throughput

• Isomerization units, C3 and C4 Splitters, Octane Enhancement, Cogen units, Terminals


NGLs – U.S. DEMAND MATRIX

NGL Ethane PropaneNormal Butane Iso‐Butane

Natural Gasoline

Percent of NGL BBL 40% 30% 8% 10% 12%

Petrochemicals

Heating, Crop Drying

Motor Fuels

Export



0

500

1,000

1,500

2,000

2,500

3,000

2012 2013 2014 2015 2016 2017 2018 2019 2020

MBPD

Cracker Demand Growing Surplus Ethane Supply

ETHANE SUPPLY POTENTIAL / DEMANDU.S. TO REMAIN CHRONICALLY OVERSUPPLIED

≈450–700 MBPDexcess before rejection

≈250 MBPDrejection in 2013



ATEX Pipeline1,265‐mile, 16” and 20” pipelineInitial capacity 125 MBPD, expandable to 265 MBPDConnected to 4 NGL fractionators15 year ship‐or‐pay commitments In‐service January 2014

ATEX Pipeline

Initial Origins

ATEX AND AEGIS ETHANE PIPELINES

Aegis Ethane Pipeline270‐mile, 20” pipeline with capacity up to 425 MBPDCreates header pipeline from Corpus Christi to Louisiana, when combined with existing South Texas ethane pipelineWill deliver ethane to at least 6 petrochemical customersReceived commitments in excess of 200 MBPDExpected in‐service in phases throughout 2015

Aegis Pipeline

68 81104 116 131

0

30

60

90

120

150

2014 2015 2016 2017 2018‐2028

MBP

D

ATEX C2 Contracted Volumes


Supported by long‐term contractsOperating rate ≈200 MBPD across two docksExpected to begin operations 3Q 2016Evaluating possible expansion

EPD ETHANE EXPORT FACILITY MORGAN’S POINT, TX


LOA: 900 ft. (≈274m)Draft: 45 ft. (≈14m)Air Draft: N/ABeam: 143 ft. (≈44m)

EPD ETHANE EXPORT FACILITY MORGAN’S POINT, TX




Natural Gasoline


Petrochemicals


Motor Fuels

Export



U.S. LIKELY TO END SEPT. AT MULTI‐YEAR HIGHS AFTER BEGINNING 2014 AT MULTI‐YEAR LOWS

MMBPD U.S. Propane Ending Monthly Inventory Balances(excludes Propylene)


U.S. LPG…A GROWING SURPLUS

Note: LPG is Propane and Butane

0

500

1,000

1,500

2,000

2,500

3,000

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

MBPD

LPG Demand Current LPG Exports Growing Surplus LPG Supply

≈1,250 MBPDExcess



EPD PDH FACILITY UPDATE

Capacity to produce up to 1.65 billion pounds per year of polymer grade propylene (25 MBPD)• Will consume 35 MBPD of propane

100% of capacity is contracted under fee‐based contracts that average 15 years with investment grade companiesIntegrated with EPD’s existing facilities to provide reliability and flexibilityCompletion expected in mid‐2016• 45% of costs locked in


EPD LPG EXPORT FACILITYPREMIER LPG EXPORT FACILITY IN THE U.S.

14,000 bph currently, using two dedicated pipes (16” and 10”) from Mont Belvieu (>7.5 MMBbls/month)2,500 bph planned expansion in 1Q 2015 (≈1.5 MMBbls/month)11,000 bph planned expansion in 4Q 2015 (≈7.0 MMBbls/month)

• New 30” pipeline from Mont Belvieu• Maximum capacity ≈26 ships / month




Natural Gasoline


Petrochemicals


Motor Fuels

Export



DILUENT / C5 PROJECTS


EXPORTS ARE NECESSARY TO BALANCE MARKET


Natural Gasoline


Petrochemicals

Heating, Crop Drying, Fuels

Motor Fuels

Export



ENTERPRISE –THE INDUSTRY LEADER IN CREATING MARKET OUTLETS FOR U.S. PRODUCERS

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ENTERPRISE PRODUCTS PARTNERS L.P. PLATT’S NGL · PDF fileENTERPRISE PRODUCTS PARTNERS L.P. 8 Frac VII Frac VIII Frac VI Frac V ... NGL and PGP fractionation capacity expansions: