Enterprise Completes Refinancing of Bank Credit Facility.

Energy Editors/Business Editors

HOUSTON--(BUSINESS WIRE)--Oct. 31, 2003

Enterprise Products Partners L.P. (NYSE:EPD) announced that its operating partnership has completed the refinancing of its unsecured $230 million 364-day revolving bank credit facility. The refinancing extends the maturity of the current 364-day unsecured credit facility from Nov. 14, 2003 to Oct. 29, 2004.

Under the terms of the facility, Enterprise generally has the option to convert outstanding indebtedness under the facility into a term loan with a maturity date of Oct. 28, 2005. Certain terms under Enterprise's unsecured $270 million multi-year credit facility, which matures on Nov. 17, 2005, were amended to conform to the terms of the new 364-day credit facility.

The credit facility includes Wachovia Bank, National Association, as the Administrative Agent; Bank One, N.A., as the Syndication Agent; and The Bank of Nova Scotia, Royal Bank of Canada and SunTrust Bank as Co-Documentation Agents.

Enterprise Products Partners L.P. is the second largest publicly traded, midstream energy partnership with an enterprise value of approximately $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 the Company's beliefs and those of its general partner, as well as assumptions made by and information currently available to the Company. 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 plans and objectives of the Company for future operations, are intended to identify forward-looking statements. Although the Company and its general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither the Company 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, the Company's actual results may vary materially from those the Company anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on the Company'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 the Company's products by the

petrochemical, refining or heating industries;

-- a decline in the volumes of NGLs delivered by the Company's

facilities;

-- the failure of the Company's credit risk management efforts to

adequately protect it against customer non-payment;

-- the failure to successfully integrate new acquisitions; and

-- terrorist attacks aimed at the Company's facilities.

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