Aux Sable Affiliate Acquires Key Assets in Bakken Area of North Dakota for $185M

Aux Sable Liquid Products L.P., Enbridge (NYSE: ENB), Veresen Inc. and Williams Partners L.P. (NYSE: WPZ) are pleased to announce that Sable NGL LLC, an affiliate of Aux Sable, has executed an agreement with a wholly owned subsidiary of EOG Resources, Inc. (NYSE: EOG) to purchase and operate the Stanley Condensate Recovery Plant and the Prairie Rose Pipeline. The Prairie Rose Pipeline connects the Stanley Plant to the Alliance Pipeline, which delivers high energy dense phase gas to Aux Sable's Channahon, Illinois Plant for processing. The purchase agreement calls for the US$185 million transaction to close in July 2011.

The Stanley Plant commenced operation in February 2010 and will have a capacity of 80 MMcf per day when a current expansion is completed in June 2011. The plant removes the heavier hydrocarbon compounds while leaving the majority of the natural gas liquids in the rich gas delivered into the Prairie Rose Pipeline.

The 12-inch diameter, 83-mile Prairie Rose Pipeline also commenced operation in February 2010 and gathers gas from the Stanley Plant and other sources for delivery into the Alliance Pipeline system at Bantry, North Dakota. The pipeline has an estimated capacity of 110 MMcf per day and can be easily expanded to meet additional demand.