DCP Midstream Sinks $85M Into Texas Pipeline Project

Law360, New York (April 12, 2012, 2:20 PM EDT) -- Denver-based natural gas production company DCP Midstream Partners LP has acquired a minority stake in a 580-mile joint venture pipeline project in Texas from Enterprise Products Partners LP for $85 million, DCP Midstream said Thursday.

The firm acquired a 10 percent stake in the Texas Express Pipeline, which will run from Carson County to Enterprise Products' natural gas liquids fractionation and storage complex in Mont Belvieu, it said.

DCP Midstream also announced that its affiliate, DCP NGL Services LLP, has made a commitment to transport 20,000...
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