DCP Midstream Partners LP 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.
Plains All American Pipeline completed the previously announced acquisition from a subsidiary of BP Corp. North America Inc. of its Canadian natural gas liquids business.
Antero Resources closed the previously announced sale of its midstream gathering assets in Harrison and Doddridge Counties, West Virginia to Crestwood Midstream Partners LP and Crestwood Partners LLC.
Hess Corp. announced March 19 that it is exploring the sale of its St. Lucia crude oil and refined products storage and transshipment terminal in the Caribbean.
Officials from Williams Partners and Caiman Energy discussed the sale of Caiman's Marcellus midstream assets to Williams along with their joint venture in the Utica shale at this week's Hart Energy Marcellus Midstream conference.
In order to finalize its acquisition of El Paso Corp., Kinder Morgan Inc reached an agreement with the Federal Trade Commission to divest certain assets from Kinder Morgan Energy Partners LP.
Howard Energy Partners reached an agreement to acquire substantially all of Meritage Midstream Services' natural gas gathering assets in South Texas with a 400 million cubic feet per day (MMcf/d) of capacity.
CPS Energy, a San Antonio-based utility, reached an agreement to acquire the Rio Nogales gas-fired plant from Tenaska Capital Management to replace a coal-fired plant.
DCP Midstream Partners LP is seeking to leverage its strength as the top NGL producer to reposition the company from being gathering- and processing- centric to being a full NGL value chain midstream service provider.
Exterran Partners LP completed its dropdown acquisition of compression and processing assets from Exterran Holdings Inc. for $77.4 million in cash and the assumption of $105.4 million in debt.
Chesapeake Midstream Partners officials are confident that the company will meet its 2012 outlook and capital spending despite the decision by Chesapeake Energy to curtail its gross natural gas production.