HOUSTON, TEXAS, October 15, 2001

El Paso Energy Partners, L.P. (NYSE:EPN) announced today that it has declared its third quarter 2001 cash distribution of $0.6125 per Common Unit. The distribution is payable on November 15, 2001 to all unitholders of record at the close of business on October 31, 2001. The quarterly distribution covers the period from July 1, 2001 through September 30, 2001.

El Paso Energy Partners, L.P. is a publicly owned master limited partnership. The partnership owns and operates a diversified set of midstream assets including five offshore natural gas and oil pipelines and six production handling platforms located in the Gulf of Mexico, strategically located salt dome storage facilities with 6.7 billion cubic feet of current working gas storage capacity in Mississippi, a 450-mile coal bed methane gathering system in Alabama, and more than 600 miles of natural gas liquids gathering and transportation pipelines and three fractionation plants located in south Texas. Visit El Paso Energy Partners on the Web at www.elpasopartners.com.