Oil & Gas Financial Journal Transaction of the Year > $1bn, Southwest 2013

Awarded to: Energy Transfer Partners

Oil & Gas Awards Judges Comments

“They were able to get the Sunoco shareholders to accept half cash and half stock thereby reducing the cost of the transaction.”

“What a great way for a traditional midstream gas company to diversify its portfolio and participate in high price environment of crude oil. This should give them a great balance of assets and protect them from price drops in one commodity.”

Energy Transfer Partners – Corporate Overview

Dallas-based Energy Transfer Partners, L.P. (NYSE:ETP) is a master limited partnership which owns and operates one of the largest and most diversified portfolios of energy assets in the United States. ETP currently has natural gas operations that include approximately 33,000 miles of gathering and transportation pipelines, treating and processing assets, and storage facilities. ETP owns Southern Union Company and Sunoco, and a 70% interest in Lone Star NGL, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets. ETP also owns Sunoco Logistics Partners L.P. (NYSE: SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling, and crude oil acquisition and marketing assets. ETP’s general partner is owned by Energy Transfer Equity (NYSE:ETE).