Provident Celebrates 30th Anniversary of Redwater Fractionation and Storage Facility

October 13 , 2005

Press Release #23-05

REDWATER, ALBERTA - Provident Energy Trust (Provident) celebrated the 30 th anniversary of its Redwater Fractionation and Storage Facility today. The facility collects, extracts, transports, fractionates, stores, distributes and markets natural gas liquids. It also fractionates olefins, such as propylene and butylenes, and supplies power through cogeneration.

The facility became operational in 1975 under the ownership of MP Petroleum. Since October 2003, Provident Energy has operated the entire facility and has owned the portion of it that deals with natural gas liquids. Williams Energy owns the portion that fractionates olefins, and TransCanada owns the facility's cogeneration plant.

To mark the facility's 30 th anniversary Provident President Randy Findlay pledged $400,000 toward the renovation of the Redwater Recreation Facility.

"Provident's contribution means a great deal to the health of our community," said Connie Tchir, Mayor of the Town of Redwater. "It is visible evidence of Provident's dedication to our well-being. Thank you is not enough."

"Provident's Redwater facility has been an important part of this community's growth and prosperity for 30 years," said Randy Findlay. "Our contribution to the Recreation Facility's renovation symbolizes our commitment to the community, and underscores our desire to continue our relationship for many years to come."

"Having been involved with the Redwater facility and with the community of Redwater for most of my career, I am delighted that Provident was able to contribute so generously to the well-being of the residents," said Garry Dlouhy, Senior Manager, Redwater Operations.

 Back to Press Releases

Provident Energy Trust is a Calgary-based, open-ended energy income trust that owns and manages an oil and gas production business and a midstream services business. Provident’s energy portfolio is located in some of the more stable and predictable producing regions in western Canada, southern California and Wyoming. Provident provides monthly cash distributions to its unitholders and trades on the Toronto Stock Exchange and the American Stock Exchange under the symbols PVE.UN and PVX, respectively.

Investor and Media Contact: Patricia Lew Investor Relations and Communication Analyst Phone: (403) 231-6710 Email: info@providentenergy.com          Corporate Head Office: 800, 112 – 4th Avenue S.W. Calgary, Alberta, Canada  T2P 0H3 Phone: (403) 296-2233 Toll Free: 1-800-587-6299 Fax: (403) 261-6696 www.providentenergy.com