DCP Midstream Partners LP (NYSE: DPM) completed its previously announced dropdown acquisition of the remaining interest in DCP Southeast Texas Holdings GP from its general partner, DCP Midstream LLC for $240 million.
The partnership previously owned 33% of the fully integrated system, which includes 675 miles of natural gas gathering and transportation pipelines, three natural gas processing plants with total processing capacity of 400 million cubic feet per day, natural gas storage assets with storage capacity of 9 billion cubic feet, access to interstate and intrastate gas markets, and NGL ...