West Texas LPG Pipeline Partnership Approves Expansion of West Texas LPG System

BELLAIRE, Texas, Dec. 18 /PRNewswire/ -- West Texas LPG Pipeline Limited Partnership announced today that it has received final investment approvals for the expansion of its West Texas LPG pipeline system, a common carrier. The pipeline system is jointly owned by Chevron Pipe Line Company, a wholly owned subsidiary of Chevron Corporation with 80 percent working interest and Buckeye Partners, LP with 20 percent working interest. It is operated by Chevron Pipe Line and transports natural gas liquids to Mont Belvieu, Texas.

West Texas Pipeline is expanding the system due to the growth of liquids production in the Fort Worth basin and East Texas region. The expansion will provide new capacity of approximately 25,000 barrels per day from Weatherford Station to Lufkin and an overall system increase of approximately 25 percent, or more than 50,000 barrels per day, through the construction of 39 miles of 12-inch pipeline and installation of multiple booster stations.

West Texas Pipeline has progressed the design, material acquisition, right-of-way, successful hydro-testing and permitting throughout the approval process. The new capacity is expected to be operational in the second half of 2008. West Texas Pipeline has the option to add additional booster stations to increase capacity above the current expansion volumes if market conditions justify.

More information on Chevron Pipe Line Company is available at http://www.chevron-pipeline.com/. More information on Buckeye Partners, L.P. is available at http://www.buckeye.com/.