“We are pleased to execute this agreement to sell our offshore Gulf of Mexico business to Genesis,” said Michael A. Creel, chief executive officer for Enterprise’s general partner. “In recent years, earnings from our offshore business represented only three percent of Enterprise’s gross operating margin, and our offshore assets do not effectively integrate with our downstream crude oil and natural gas pipeline systems. We plan to redeploy proceeds from this sale into attractive growth opportunities that would extend and expand our integrated midstream system and should generate higher risk-adjusted returns on capital, such as acquisitions and organic projects in the Eagle Ford and Permian shale plays. In addition to enhancing our overall financial flexibility, the proceeds from this sale will effectively provide funds to finance the first installment of our recent acquisition of EFS Midstream LLC in the Eagle Ford and, furthermore, eliminates our need for equity capital for the remainder of 2015 based on our current expectations.”

“I cannot think of a better owner for the future development of these assets than Genesis. For over twenty years, Grant Sims, the chief executive officer of Genesis, has been a pioneer and a visionary in the development of midstream energy infrastructure in the Gulf of Mexico. These assets should be very complementary to Genesis’ existing offshore investments. Furthermore we would like to thank the Enterprise employees who will join Genesis in this transaction. These employees have built and operated award-winning offshore assets such as the Independence Hub platform and Trail pipeline and the Poseidon, Cameron Highway, Shenzi and Southeast Keathley Canyon crude oil pipelines in a safe and efficient manner,” stated Creel.

Pipelines

• Independence Trail
• Viosca Knoll Gathering System
• High Island Offshore System (HIOS)
• Falcon Natural Gas Pipeline
• Green Canyon Laterals
• Anaconda Gathering System
• Manta Ray Offshore Gathering System
• Nautilus Pipeline System
• Nemo Pipeline
• VESCO Gathering System

Enterprise expects to record non-cash asset impairment and related charges of approximately $100 million, or $0.05 per common unit on a fully-diluted basis in connection with the sale of its offshore Gulf of Mexico pipelines and services business. Since these assets were viewed as held-for-sale at June 30, 2015, these non-cash charges will be reflected in Enterprise’s consolidated results for the three and six months ended June 30, 2015.

• Enterprise to Sell Offshore Gulf of Mexico Business to Genesis

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A producer group, led by operator Anadarko Petroleum Corporation, is developing the Lucius production area, which is estimated to have resources of more than 300 million barrels of oil equivalent. First production is expected during the second half of 2014.

• Enterprise and Genesis Complete Crude Oil Pipeline in the Deepwater Gulf of Mexico

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“With the expansion of our operations in Louisiana, Genesis looks forward to a strong future in the state and to increasing our contribution to the local economy,” Genesis Chief Executive Officer Grant Sims said. “This project positions Genesis as an efficient conduit for crude oil supply and logistics in the region.”

Genesis will improve its existing terminal at Port Hudson, Louisiana and build a new 18 mile 20” diameter crude oil pipeline connecting Port Hudson to the Maryland Terminal and continuing downstream to the Anchorage Tank Farm. The company also plans to build a new crude oil unit train facility at the Baton Rouge Maryland Terminal.

At Port Hudson, Genesis will construct approximately 200,000 barrels of storage capacity to complement its 216,000 barrels of existing tank capacity and make improvements to its existing barge dock and truck station. The new 18 mile pipeline will have an ultimate capacity of about 350,000 barrels per day, and in addition to its connection to the ExxonMobil Baton Rouge Refinery, the pipeline will have potential access to other local refineries representing approximately 140,000 barrels per day.

Project construction is scheduled to begin in early 2013. The Port Hudson upgrades and new crude oil pipeline are expected to be completed by the end of 2013 and the Maryland Terminal completion is scheduled for the second quarter of 2014.

Genesis intends to finance the transaction with funds available under its revolving credit facility. Genesis has entered into definitive agreements with ExxonMobil in which ExxonMobil will grant Genesis a land lease at the Maryland Terminal site and secure preferential rights for throughput at the facilities.

• Genesis Energy, Announces Expansion Of Existing Gulf Coast Terminal Infrastructure, New Crude Oil Pipeline And New Unit Train Facility

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John Cambridge, Managing Director of Genesis, stated: “We are very excited about this contract with Shell. It demonstrates the impact that the newly integrated Genesis organization is having on the worldwide subsea engineering market.”

Genesis is a market-leading engineering company focused on providing engineering and technical services to the global upstream oil and gas industry. The company’s services are utilised by oil and gas companies during its planning and development phase of oil and gas projects and in the execution of subsea onshore and offshore engineering projects. Its clientele includes super-majors and national oil companies, as well as small independents.

Genesis develops innovative solutions for the E&P business, by leveraging on its core engineering and techno-economic skills. The company helps achieve world-class performance from its assets by providing expertise, novel methods and tools to realise its maximum potential.

Today, Genesis is a company with more than 1000 engineers and offices in seven locations worldwide. Genesis is an ISO 9001: 2000 certified company.

• Genesis awarded Enterprise Framework Agreement by Shell Global Solutions International B.V.

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The purchase consideration for all of the assets, subject to usual and customary post closing adjustments for debt, working capital, etc., is $205.9 million, which includes an estimated $26 million valuation of crude oil line fill at current market prices owned by the interests to be acquired. Genesis financed the transaction under its revolving credit facility.

The Poseidon system is comprised of a 367-mile network of crude oil pipelines, varying in diameter from 16 to 24 inches, with capacity to deliver approximately 400,000 barrels per day of crude oil from developments in the central and western offshore Gulf of Mexico to other pipelines and terminals onshore and offshore Louisiana. Affiliates of Enterprise Products Partners L.P. and Shell Oil Company each own a 36% interest in Poseidon. An affiliate of Enterprise will continue in its role as operator of Poseidon.

The Odyssey system is comprised of a 120-mile network of crude oil pipelines, varying in diameter from 12 to 20 inches, with capacity to deliver up to 300,000 barrels per day of crude oil from developments in the eastern Gulf of Mexico to other pipelines and terminals onshore Louisiana. An affiliate of Shell owns the remaining 71% interest in Odyssey. An affiliate of Shell will continue to serve as the operator.

The Eugene Island Pipeline System is comprised of a 183-mile network of crude oil pipelines, the main pipeline of which is 20 inches in diameter, with capacity to deliver approximately 200,000 barrels per day of crude oil from developments in the central Gulf of Mexico to other pipelines and terminals onshore Louisiana. Other owners in Eugene Island include affiliates of Exxon-Mobil, Chevron-Texaco, ConocoPhillips and Shell Oil Company. An affiliate of Shell will continue to serve as the operator.

“This acquisition represents another exciting growth opportunity for Genesis,” said Grant Sims, Genesis’ Chief Executive Officer. “These pipelines, especially Poseidon, will complement our existing, and, as we announced this morning in a separate release, our planned infrastructure in the Gulf of Mexico, and enhance our ability to provide attractive capacity and market optionality to producers for their existing and future developments as well as our refining customers onshore Texas and Louisiana. The Gulf of Mexico is an important and growing resource basin in the U.S. that we are convinced will be safely, responsibly and efficiently developed for many years to come.

• GENESIS ENERGY, L.P. COMPLETES ACQUISITION OF INTERESTS IN GULF OF MEXICO OIL PIPELINES, INCLUDING POSEIDON

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The 149-mile, 18-inch diameter SEKCO Oil Pipeline is being designed with a capacity of 115,000 barrels per day (“BPD”) and would connect the Lucius-truss spar floating production platform to an existing junction platform at South Marsh Island 205 that is part of the Enterprise-operated Poseidon pipeline system. The SEKCO Oil Pipeline is expected to begin service by mid-2014. Located in approximately 7,100 feet of water, the third-party owned Lucius-truss spar floating production platform has the capability to produce in excess of 80,000 BPD of crude oil and 450 million cubic feet per day of natural gas. The Lucius production area is estimated to have more than 300 million barrels of oil equivalent, with relatively shallow and highly productive reservoirs, primarily comprised of crude oil.

“We are very pleased to work with our partner and customers to develop this project, which will allow for the continued safe and reliable delivery of vital domestic crude oil supplies to Gulf Coast refineries,” said Michael A. Creel, President and Chief Executive Officer of Enterprise’s general partner. “Additionally, we expect the SEKCO Oil Pipeline to provide capacity for additional projects in the deepwater Gulf of Mexico that will feed Enterprise’s downstream crude oil pipeline value chain.”

Grant E. Sims, Chief Executive Officer of Genesis, said, “We are excited about the opportunity to proceed with Enterprise and the Lucius producers to provide infrastructure out of the Keathley Canyon Area that interconnects with existing shallow-water pipelines for delivery of crude oil produced from world-class domestic reservoirs to multiple refining markets in the Gulf Coast.”

• Enterprise and Genesis Energy to Build Crude Oil Gathering Pipeline in the Deepwater Gulf of Mexico

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Additionally, Marathon Oil has the right to dispose of certain of the other oil pipeline assets prior to any final closing of a transaction with Genesis.

The purchase consideration for all of the assets, subject to usual and customary adjustments for debt, working capital, etc., is $205.76 million, which includes an estimated $29 million valuation of crude oil line fill at current market prices owned by the interests to be acquired. Genesis intends to finance the transaction with the more than $400 million of funds available under its revolving credit facility and expects the transaction to close before year end.

The Poseidon system is comprised of a 367-mile network of crude oil pipelines, varying in
diameter from 16 to 24 inches, with capacity to deliver approximately 400,000 barrels per day of crude oil from developments in the central and western offshore Gulf of Mexico to other pipelines and terminals onshore and offshore Louisiana. Affiliates of Enterprise Products Partners L.P. and Shell Oil Company each own a 36% interest in Poseidon. An affiliate of Enterprise will continue in its role as operator of Poseidon.

The Odyssey system is comprised of a 120-mile network of crude oil pipelines, varying in
diameter from 12 to 20 inches, with capacity to deliver up to 300,000 barrels per day of crude oil from developments in the eastern Gulf of Mexico to other pipelines and terminals onshore Louisiana. An affiliate of Shell owns the remaining 71% interest in Odyssey. An affiliate of Shell will continue to serve as the operator.

The Eugene Island Pipeline System is comprised of a 183-mile network of crude oil pipelines, the main pipeline of which is 20 inches in diameter, with capacity to deliver approximately 200,000 barrels per day of crude oil from developments in the central Gulf of Mexico to other pipelines and terminals onshore Louisiana. Other owners in Eugene Island include affiliates of Exxon-Mobil, Chevron-Texaco, ConocoPhillips and Shell Oil Company. An affiliate of Shell will continue to serve as the operator.

“This acquisition represents another exciting growth opportunity for Genesis,” said Grant Sims, Genesis’ Chief Executive Officer. “These pipelines, especially Poseidon, would complement our existing infrastructure in the Gulf of Mexico, and enhance our ability to provide attractive capacity and market optionality to producers for their existing and future developments as well as our refining customers onshore Texas and Louisiana. The Gulf of Mexico is an important and growing resource basin in the U.S. that we are convinced will be safely, responsibly and efficiently developed for many years to come.”

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include pipeline transportation, refinery services and supply and logistics. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana, and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply and marketing of energy products, including crude oil, refined products, and certain industrial gases. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico.

• Genesis Energy Enters into Agreements to Acquire Interests in Gulf of Mexico Oil Pipelines, including Posiedon

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