K-1 TAX INFO CONTACT US PRICE $21.21 CHANGE -0.1 (-0.5%) YIELD 8.49% CHART ABOUT US HISTORY HOME ABOUT US HISTORY Shin Oak NGL Pipeline In February 2019, our Shin Oak natural gas liquids (“NGL”) pipeline began service from Orla, Texas in Reeves County to its NGL fractionation and storage complex at the Mont Belvieu hub. The 24-inch diameter pipeline has an initial capacity of approximately 250,000 “BPD” and provides takeaway capacity for growing NGL production from multiple basins, including the Permian, where NGL volumes are projected to nearly double within the next three years. Supported by long-term customer commitments, the Shin Oak project will ultimately provide up to 550,000 BPD of capacity. Orla III In July 2019, we began commercial service on the 3rd processing train at our Orla cryogenic natural gas processing complex. The completion of the final processing unit at Orla increases natural gas processing capacity at the facility to 900 MMcf/d and allows Enterprise to produce in excess of 140,000 BPD of NGLs. Throughout the Permian Basin, Enterprise now has the capability to process 1.3 Bcf/d of natural gas and produce approximately 200,000 BPD of NGLs. Altus Midstream Acquires Interests in Shin Oak Pipeline In July 2019, Enterprise and Altus Midstream Company (NASDAQ: ALTM) announced the closing of Altus’ acquisition of a 33 percent equity interest in the Enterprise subsidiary that owns Shin Oak NGL pipeline. The 658-mile Shin Oak Pipeline transports growing NGL production from multiple basins, including the Permian, to Enterprise’s NGL fractionation and storage complex in Mont Belvieu, Texas. NGLs are sourced primarily from Enterprise’s Orla natural gas processing complex in Reeves County, Texas, as well as Apache Corporation’s Alpine High play, via a long-term NGL sales agreement committing 100 percent of NGLs from that acreage. Enterprise and Enbridge Sign Letter of Intent to Jointly Develop Deepwater Terminal In December 2019, Enterprise and Enbridge Inc. announced certain of their affiliates have executed a letter of intent (“LOI”) to jointly develop a deepwater crude oil terminal in the Gulf of Mexico capable of fully loading VLCCs. Enterprise and Enbridge agreed to focus commercial development efforts on Enterprise’s Sea Port Oil Terminal (“SPOT”) deepwater crude oil terminal. Under the terms of the LOI, Enterprise and Enbridge agreed to negotiate an equity participation right agreement whereby, subject to SPOT receiving a deepwater port license, an Enbridge affiliate could acquire an ownership interest in SPOT Terminal Services LLC, which owns SPOT. About Us Business Profile Corporate Governance Management Growth Strategy Competitive Strengths History System Map