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Houston - Aug. 22, 2025 Enterprise Products Partners L.P. (NYSE: EPD) ("Enterprise") today announced that an affiliate of Enterprise has closed its acquisition of a natural gas gathering affiliate of Occidental in a debt-free transaction for $580 million in cash consideration. The acquired assets include certain natural gas gathering systems in the Midland Basin, as well as approximately 200 miles of natural gas gathering pipelines that support Occidental's production activities in the Midland Basin. Troutman With access to more than 1,000 drillable locations, these systems will immediately expand Enterprise's natural gas gathering footprint in the Midland Basin and provide long-term development visibility. Troutman Pepper Locke and Sidley Austin LLP served as legal advisors to Enterprise, and Skadden, Arps, Slate, Meagher & Flom LLP and White & Case LLP served as legal advisors to Occidental. Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products production, transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership's assets include more than 50,000 miles of pipelines; over 300 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information. Enterprise Products Partners L.P. press release 
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