The sale consists of approximately 550 miles of gathering pipeline with current gas throughput totaling approximately 139 MMcfd from approximately 450 wells. These assets, located in the Greater Green River Basin, Powder River Basin, and Wind River Basins in Wyoming, are not strategic to El Paso Field Services' current business plans.

El Paso Corporation is the leading provider of natural gas services and the largest pipeline company in North America. The company has core businesses in production, pipelines, midstream services, and power. El Paso Corporation, rich in assets and fully integrated across the natural gas value chain, is committed to developing new supplies and technologies to deliver energy. For more information, visit www.elpaso.com .

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. El Paso Corporation has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, including, without limitation, inability to realize anticipated synergies and cost savings associated with restructurings on a timely basis; competition; the successful implementation of the Balance Sheet Enhancement Program and the Strategic Repositioning Plan; and other factors described in the company's (and its affiliates') Securities and Exchange Commission filings. While the company makes these statements and projections in good faith, neither the company nor its management can guarantee that anticipated future results will be achieved. Reference should be made to those filings for additional important factors that may affect actual results. The company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company, whether as a result of new information, future events, or otherwise.

SOURCE El Paso Corporation

CONTACT:          communications and government affairs, Norma F. Dunn, Senior
                  Vice President, +1-713-420-3750, or fax, +1-713-420-3632, or investor
                  relations, Bruce L. Connery, Vice President, +1-713-420-5855, or fax,
                  +1-713-420-4417, both of El Paso Corporation
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URL:              http://www.elpaso.com 
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