Enterprise Completes Public Offering of Common Units.

Energy Editors/Business Editors

HOUSTON--(BUSINESS WIRE)--April 29, 2004

Enterprise Products Partners L.P. (NYSE:EPD) announced that it has completed its public offering of 15,000,000 common units, which was increased from the originally announced offering of 12,500,000 common units. The units were priced at $21.00 per unit, based on the closing price of the units on the New York Stock Exchange on April 29, 2004. The partnership has granted the underwriters an option to purchase up to 2,250,000 additional common units to cover over-allotments.

Enterprise intends to use the net proceeds of approximately $302 million from this offering to repay in full its $225 million interim acquisition term loan and to reduce borrowings under the Company's revolving credit facilities. The proceeds from the interim acquisition term loan were used by Enterprise to pay a portion of the cost of acquiring a 50% membership interest in the general partner of GulfTerra Energy Partners, L.P. ("GulfTerra").

Lehman Brothers and UBS Investment Bank are acting as joint book-running managers for the offering. The remainder of the underwriting group is comprised of Citigroup, Goldman, Sachs & Co., Merrill Lynch & Co., Morgan Stanley, Wachovia Securities, A. G. Edwards & Sons, Inc., Sanders Morris Harris, JP Morgan and KeyBanc Capital Markets. A copy of the prospectus supplement can be obtained from any of the underwriters, including Lehman Brothers, c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11714, telephone [phone]; and UBS Securities LLC, 1285 Avenue of the Americas, New York, NY 10019, telephone [phone].

This press release does not constitute an offer to sell or a solicitation of an offer to buy the limited partner interests described in this press release, nor shall there be any sale of these limited partner units in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offer is being made only through the prospectus as supplemented, which is part of a shelf registration statement that became effective on April 21, 2003.

Enterprise Products Partners L.P. is the second largest publicly traded midstream energy partnership with an enterprise value of over $7 billion. Enterprise is a leading North American provider of midstream energy services to producers and consumers of natural gas and natural gas liquids ("NGLs"). The Company's services include natural gas transportation, processing and storage and NGL fractionation (or separation), transportation, storage and import/export terminaling.

This press release contains various forward-looking statements and information that are based on Enterprise's beliefs and those of its general partner, as well as assumptions made by and information currently available to them. When used in this press release, words such as "anticipate," "project," "expect," "plan," "goal," "forecast," "intend," "could," "believe," "may," and similar expressions and statements regarding the contemplated transaction and the plans and objectives of Enterprise for future operations, are intended to identify forward-looking statements. Although Enterprise and its general partner believes that such expectations reflected in such forward-looking statements are reasonable, neither it nor its general partner can give assurances that such expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those Enterprise anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on Enterprise's results of operations and financial condition are:

-- fluctuations in oil, natural gas and NGL prices and production

due to weather and other natural and economic forces;

-- a reduction in demand for its products by the petrochemical,

refining or heating industries;

-- a decline in the volumes of NGLs delivered by its facilities;

-- the failure of its credit risk management efforts to

adequately protect it against customer non-payment;

-- terrorist attacks aimed at its facilities;

-- the failure to complete its proposed merger with GulfTerra;

-- the failure to successfully integrate the respective business

operations upon completion of the proposed merger with

GulfTerra or its failure to successfully integrate any future

acquisitions; and

-- the failure to realize the anticipated cost savings, synergies

and other benefits of the proposed merger with GulfTerra.

Enterprise has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.