By Chelsea Naso (January 4, 2017, 2:12 PM EST) -- DCP Midstream Partners LP inked a deal for the assets of a Phillips 66 and Spectra Energy Corp. joint venture, a deal that stands to create a U.S. natural gas liquids producer and gas processor worth $11 billion, according to an announcement on Wednesday.
The deal, which closed on Wednesday, simplifies the corporate structure of DCP Midstream Partners LP, or DPM, and Phillips 66 and Spectra Energy joint venture DCP Midstream LLC, and forms the largest NGL producer and gas processor in the country, according to a statement.
"This transformational transaction provides a platform of premier assets with strong growth opportunities...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!