Houston, Texas (January 10, 2007) – Louis Dreyfus Pipeline L.P. announced today that phase one construction of a 33-mile extension of its natural gas liquids pipeline into the Barnett Shale producing region in Texas is complete. The 22-mile portion of the pipeline is now operational, carrying natural gas liquids from multiple gas processing facilities in and around Johnson County into the existing Louis Dreyfus Pipeline system near Walnut Springs, Texas.

Joe Rothbauer, vice president of midstream operations for Louis Dreyfus Pipeline said that the new extension will provide incremental NGL take-away capacity that is important for continued Barnett Shale development.

Construction of the remaining 11-mile phase two portion is underway, and it should be operational in the first quarter of 2007. When completed, the full 33-mile extension will have a daily NGL capacity in excess of 45,000 barrels.

About Louis Dreyfus Pipeline

Louis Dreyfus Pipeline’s parent, Louis Dreyfus ES Holdings LLC, soon to be renamed Louis Dreyfus Highbridge Energy LLC (LDH Energy), operates one of the largest natural gas liquids, natural gas, coal, petroleum and petrochemical merchandising companies in North America and is involved in the processing, trading and transporting of a range of energy products. Currently marketing over 5.0 bcf of physical natural gas each day, its asset base includes ownership of a 1,400-mile NGL pipeline from the Permian basin to a Hull storage facility; a 4.5-million barrel propane/butane storage and terminal facility in Hattiesburg, Mississippi; a 50-percent interest in Mont Belvieu Storage Partners; an approximate 20-percent interest in the Sea Robin Gas Processing Plant (Sea Robin); and a gas gathering and processing system in Eastland, Erath, Bosque and Hill Counties in north Texas. An affiliate, Louis Dreyfus Olefins, owns two cryogenic liquids extraction plants, an olefins fractionation plant and an 85-mile pipeline located in southeast Louisiana.

LDH Energy is a joint venture between the Louis Dreyfus Group and Highbridge Capital Management. The Louis Dreyfus Group, which was founded in 1851, is an organization of diversified companies whose principal activities include worldwide processing, trading and merchandising of a broad range of agricultural and energy commodities, telecommunications, real estate development and shipping. For more information, please visit www.louisdreyfus.com. Highbridge Capital Management is a global investment management company, headquartered in New York, that is majority owned by JPMorgan Chase & Co.

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